Marcus has a monthly budget that breaks down as follows:

Question

35
%
35% for housing,
22
%
22% for food,
12
%
12% for utilities,
18
%
18% for savings,
5
%
5% for entertainment, and
8
%
8% for personal items. Marcus has a net income of
$
4200
$4200 each month.

Calculate the amount of money that Marcus has each month for entertainment.

Marcus has $
for entertainment.

Answer 1

To calculate the amount of money Marcus has for entertainment, we can use the following formula:

\[ \text{Amount for Entertainment} = \text{Net Income} \times \left(\frac{\text{Percentage for Entertainment}}{100}\right) \]

In this case, Marcus has a net income of $4200 and allocates 5% for entertainment.

Now, we can calculate this:

\[ \text{Amount for Entertainment} = 4200 \times \left(\frac{5}{100}\right) \]

\[ \text{Amount for Entertainment} = 4200 \times 0.05 \]

\[ \text{Amount for Entertainment} = 210 \]

So, Marcus has $210 for entertainment each month.