To find out what percent of her monthly income Laurel spent on entertainment, we need to know her monthly income. However, since it's not provided in the question, we can express her spending as a percentage of her income using a variable.
Let's denote Laurel's monthly income as \( I \).
The formula for calculating the percentage is:
\[ \text{Percentage} = \left( \frac{\text{Amount spent}}{\text{Income}} \right) \times 100 \]
Substituting in the values we have:
\[ \text{Percentage spent on entertainment} = \left( \frac{500}{I} \right) \times 100 \]
So, Laurel spent approximately \( \left( \frac{500}{I} \right) \times 100 % \) of her income on entertainment.
If you provide Laurel's monthly income, I can calculate the exact percentage for you!
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