Questions: The pie chart below shows how the total annual income for a certain family is spent. If the amount budgeted for Insurance, Savings, and Auto combined is 23,200, what is the total family income?
Transcript text: The pie chart below shows how the total annual income for a certain family is spent. If the amount budgeted for Insurance, Savings, and Auto combined is $\$ 23,200$, what is the total family income?
Solution
Solution Steps
Step 1: Identify the given information
The problem states that the combined budget for Insurance, Savings, and Auto is $23,200. The pie chart provides the percentages for each category:
Insurance: 10%
Savings: 7%
Auto: 12%
Step 2: Calculate the combined percentage
Add the percentages for Insurance, Savings, and Auto:
\[ 10\% + 7\% + 12\% = 29\% \]
Step 3: Set up the equation to find the total family income
Let \( x \) be the total family income. According to the problem, 29% of the total family income is $23,200. Set up the equation:
\[ 0.29x = 23,200 \]
Step 4: Solve for the total family income
Divide both sides of the equation by 0.29 to find \( x \):
\[ x = \frac{23,200}{0.29} \]
\[ x = 80,000 \]