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QUES
Catherine a young lady with a net income of N120,000.
Planned to spend her money as follows: 40% on food, 30%
on housing, 20% on savings and 10% on miscellaneous
Prepare net budget​

Respuesta :

Answer:

Now, derive it from the calculations

Step-by-step explanation:

Net income = 100% = N120,000

therefore

1. Food

40%/100% = 2/5 of N120,000

= N48,000

2.Housing

30%/100% = 3/10 of N120,000

= N36,000

3. Savings

20%/100% = 2/10 (or 1/5) of N120,000

= N24,000

4. Miscellaneous

10%/100% = 1/10 of N120,000

= N 12,000

Quick mathmy friend

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