[tex]\frac{350}{1000} =\frac{x}{100}[/tex]Answer:
Step-by-step explanation:
First we need to find out how much money is going to savings. To do this, we will subtract all the expenses from the initial 1000.
Initial-(total expenses)=Savings
Let's add all the expenses, to find the total expenses.
350+100+120+80=650
Now let's find the savings
1000-650=Savings
1000-650=350
Savings are $350
Now we need to find what percentage this is. We can set up an equation for this, where x is the percentage we want to find.
[tex]\frac{350}{1000} =\frac{x}{100}[/tex]
[tex]\frac{350}{1000}=\frac{10x}{1000}[/tex]
350=10x
35=x
Thus, 35% of Ian's budget goes towards savings.
