The monthly budget of an average household is given in the following table.
| Category | Food | Clothing | Rent | Savings |
| Amount | 8000 | 2000 | 6000 | 4000 |
The percentage of the monthly budget spent on clothing is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 10%
Calculation:
Total monthly Budget = 8000 + 2000 + 6000 + 4000 = 20000
Amount spent on clothing = 2000
Required percentage = (2000/20000) × 100 = 10%