Question

1. disposable income = $25,500

percent spent on food = ?
amount spent on food = $3,060

Explanation:

Step1: Recall percentage formula

Percent = $\frac{\text{Amount Spent}}{\text{Disposable Income}} \times 100$

Step2: Plug in values

Percent = $\frac{3060}{25500} \times 100$

Step3: Calculate the result

$\frac{3060}{25500} = 0.12$, so $0.12 \times 100 = 12$

Answer:

12%