A financial counselor gave a client this pie chart describing how to budget his income. If the client brings home Rs. 50,000 each month, how much should he spend in each category?
A circle graph, often known as a pie chart, is a visual representation of a particular set of data that is used in data processing to show numerical issues by cutting a circular statistical graphic into slices or sectors.
From the question it is given that,
Total money spent on 7 categories = Rs. 50,000
Then,
(1) Money spent on Housing = (30/100) × 50,000
= Rs. 15,000
(2) Money spent on Food (including eating out) = (20/100) × 50,000
= Rs. 10,000
(3) Money spent on Car Loan and Maintenance = (25/100) × 50,000
= Rs. 12,500
(4) Money spent on Utilities = (20/100) × 50,000
= Rs. 10,000
(5) Money spent on Phone = (5/100) × 50,000
= Rs. 2,500
(6) Money spent on Clothing = (5/100) × 50,000
= Rs. 2,500
(7) Money spent on Entertainment = (5/100) × 50,000
= Rs. 2,500
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