Question

Sally's income per month is $1500. She wants to create a budget to be able to afford everything. How much can she spend on "fun" things if she has to pay $500 a month for rent, $50 for phone bill, $100 for groceries, $100 for miscellaneous bills. and $300 for a car payment.

Answer 1

450$

Explanation:

So lets add otgether everything that she NEEDS to buy, to see how much of 1500$ she can use on what she WANTS to buy.

So:

500+50+100+100+300

=

1050

This is the total cost of what she NEEDS to buy

Now lets subtract this from her income:

1500-1050

=

450

So we now know that the amount of money she has left to spend on what she WANTS is 450$

Hope this helps! :)