Question

Last year, Emesto Montenegro budgeted $4,700 for food. He read in the newspaper that the cost of food was predicted to rise by 11% over last year. How much should hebudget for food this year?$5,217$5,359$5,175$5,433None of these choices are correct.

Answer 1

We are told that Ernesto budgeted 4,700 for food. Since the food will rise 11%, it makes sense that Ernesto should also budget 11% more of what we budgeted before.

So, we will calculate the 11% of 4,700 and add it to the initial 4,700.

Recall that the 11% of 4,700 can be calculated as follows:

$4,700\cdot\frac{11}{100}=517$

So, we should add this amount to the initial budget. That is

$4,700+517=5,217$

So Ernesto should budget $5,217 this year.