Answer:
$498.75
Step-by-step explanation:
It is given that in a budget plan fixed expenses were $475.
Increase in budget plan fixed expenses = 5%.
We need to find the updated total fixed expenses.
Updated total fixed expenses [tex]=\$ 475 + 5\%\text{ of }\$475[/tex]
[tex]=475+\dfrac{5}{100}\times 475[/tex]
[tex]=475+23.75[/tex]
[tex]=498.75[/tex]
Therefore, the updated total fixed expenses will be $498.75.
