Questions: The circle graph below shows us how an average consumer spends money. Use this information to answer the question. Suppose your family spent 53000 on the items in the graph below. How much might we expect was spent on food? Choose the correct choice below. 5300 9275 7950 10600

The circle graph below shows us how an average consumer spends money. Use this information to answer the question. Suppose your family spent 53000 on the items in the graph below. How much might we expect was spent on food? Choose the correct choice below. 5300 9275 7950 10600
Transcript text: The circle graph below shows us how an average consumer spends money. Use this information to answer the question. Suppose your family spent $\$ 53000$ on the items in the graph below. How much might we expect was spent on food? Choose the correct choice below. $\$ 5300$ $\$ 9275$ $\$ 7950$ \$10600
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Solution

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Solution Steps

Step 1: Identify the fraction of the total amount spent on food

The circle graph shows that the fraction of the total amount spent on food is \( \frac{1}{5} \).

Step 2: Determine the total amount spent by the family

The problem states that the family spent $53,000 in total.

Step 3: Calculate the amount spent on food

To find the amount spent on food, multiply the total amount by the fraction spent on food: \[ \text{Amount spent on food} = \frac{1}{5} \times 53000 = 10600 \]

Final Answer

The amount spent on food is $10,600.

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