To determine the percentage of the budget used for electricity, we first need to understand what the total budget is. Since you haven't specified a total budget amount, let’s assume your total budget is available.
-
Assuming the total budget is \(X\):
\[ \text{Percentage of budget used for electricity} = \left( \frac{\text{Electricity Cost}}{\text{Total Budget}} \right) \times 100 \]
Plugging in the electricity cost of $150:
\[ \text{Percentage} = \left( \frac{150}{X} \right) \times 100 \]
To find the percentage of the budget used for electricity, we'll need to know the total budget \(X\). However, if we assume a few example budgets:
-
If total budget = $1,000: \[ \text{Percentage} = \left( \frac{150}{1000} \right) \times 100 = 15% \]
-
If total budget = $1,200: \[ \text{Percentage} = \left( \frac{150}{1200} \right) \times 100 = 12.5% \approx 13% \]
-
If total budget = $1,300: \[ \text{Percentage} = \left( \frac{150}{1300} \right) \times 100 \approx 11.54% \approx 12% \]
Given the choices (10%, 8%, 7%, 12%), 12% is a valid option if the total budget is approximated to $1,300.
-
So, if your budget is around $1,300, then 12% is the answer.
- For inputting the dollar amount for electricity ($150) in the Personal Budget Excel spreadsheet, you would simply enter the dollar amount in the designated location for utilities or electricity costs.
Final Answers:
- 12% (if total budget is around $1,300)
- $150 for electricity on the spreadsheet.
1 answer