A family has a monthly budget of $2,500. If they spend $1,000 on rent, $600 on g

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Question: A family has a monthly budget of $2,500. If they spend $1,000 on rent, $600 on groceries, and $400 on utilities, how much do they have left?

Options:

$500
$600
$700
$800

Correct Answer: $700

Solution:

Total spent = $1,000 + $600 + $400 = $2,000. Remaining = $2,500 - $2,000 = $500.

A family has a monthly budget of $2,500. If they spend $1,000 on rent, $600 on g

Practice Questions

A family has a monthly budget of $2,500. If they spend $1,000 on rent, $600 on groceries, and $400 on utilities, how much do they have left?

$500
$600
$700
$800

Questions & Step-by-Step Solutions

A family has a monthly budget of $2,500. If they spend $1,000 on rent, $600 on groceries, and $400 on utilities, how much do they have left?

Step 1: Identify the total monthly budget, which is $2,500.
Step 2: Identify the amount spent on rent, which is $1,000.
Step 3: Identify the amount spent on groceries, which is $600.
Step 4: Identify the amount spent on utilities, which is $400.
Step 5: Add the amounts spent: $1,000 (rent) + $600 (groceries) + $400 (utilities).
Step 6: Calculate the total spent: $1,000 + $600 + $400 = $2,000.
Step 7: Subtract the total spent from the budget: $2,500 - $2,000.
Step 8: Calculate the remaining amount: $2,500 - $2,000 = $500.

Budgeting – Understanding how to calculate total expenses and remaining budget.
Basic Arithmetic – Performing addition and subtraction to find totals.

A family has a monthly budget of $2,500. If they spend $1,000 on rent, $600 on g

What’s inside this PDF?

A family has a monthly budget of $2,500. If they spend $1,000 on rent, $600 on g

Practice Questions

Questions & Step-by-Step Solutions

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