Question

If your monthly income is $300 and you spend $50 on clothes, what percent of your monthly budget is spent on clothing?

Answer 1

`16 2/3%` As a decimal it needs to be rounded to a required level of accuracy. 16.7%, 16.67% etc

Explanation:

A percentage is a fraction expressed out of 100.

The fraction spent on clothes out of this budget is `50/300`

To make the percentage, multiply by 100%

`50/300 xx 100% = 16 2/3%`

A common error is to multiply just by 100.

100% means the same as `100/100`, which is equal to 1.
Multiplying by 1 does not change the value and is always allowed.

One may not just multiply by 100! The % sign appears in the answer.