Thursday, February 19, 2009

Percents

You have just graduated college and have found your dream job as a ________ (insert job here - i.e. teacher, writer, actor, pro football player, doctor, nurse, etc.)! Let's pretend you will be making around $1200 per month, depending on overtime, bonuses, etc. Now here is the deal - you need to make sure you manage your money wisely. Answer the following questions:

I am an author. I have my own world known series and I have just agreed for a movie company to make my books into movies and the broadway premiere of the play based on my book is about to premiere in a couple of days!
1) Your rent plus utilities (gas, water, internet, phone, etc.) is $540 a month! What percentage of your monthly income is this?

540/1200=n/100 54000=1200n n=45%

2) You spend about 6% of your income per month on your cell phone bill! What amount is this?

n/1200=6/100 7200=100n n=$72


3) You usually spend around $200 per month on groceries. Find this percentage.


200/1200=n/100 20000=1200n n=16.67%


4) You spend about $40 per week on gas filling your car's gas tank! What percentage of your monthly income is spent on gas?

40/1200=n/100 4000=1200n n=3.33%

5) You like to use the remaining money and split it - using 60% on entertainment (movies, shopping, etc.) and putting the other 40% in savings. About how much money is spent on entertainment and how much is put in savings?




have $348 left.



n/348=60/100 100n=20880 n=$208.80 n/348=40/100 100n=13920 n=$139.2

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