1. ben recently purchased a new home. in order to be able to afford the hom
chased a new home. in order to be able to afford the home, he came up with a budget
that breaks down his monthly income as follows, 30% for housing, 20% for food, 22% to
savings, 6% for entertainment, and 12% for personal items. ben has a net income of $4000 per month

calculations for budget are identical to calculations for tips and commissions. use what you know about
computing tips and commissions to answer each question. for each question
. set up and solve a proportion,
• set up and solve a percent equation, and
• write a sentence to explain your answer

questions:

a. calculate the amount of money that ben will have each month for his most essential budget items
housing, food, and utilities

b. last month ben spent $380 on food and $420 on personal items. what percent of his monthly income
did he spend on these items?

c. after 5 years ben's income has undergone several increases. last month, ben put $600 in savings
which was 10% of his net income what is ben's new monthly net income?

d. ben would like to purchase a new home. he figures out that his monthly housing costs for the new
home will be $2100 per month. if he wants to keep the housing costs as 30% of his budget, what will
his monthly net income need to be?