Question

example 3: carl has budgeted $150 for leisure activities each month. this month he is planning the following activities: restaurants ($60), movies ($30), concert ($75). does he have enough money in his budget for all his activities? if not, what are some activities he can eliminate so he does not go over his budget?

Explanation:

Step1: Calculate total planned cost

$\$60 + \$30 + \$75 = \$165$

Step2: Compare to budget

$\$165 > \$150$, so he is over budget.

Step3: Find overage amount

$\$165 - \$150 = \$15$

Step4: Identify cut options

Eliminate activities to reduce by $\$15$+

Answer:

No, Carl does not have enough money in his budget for all his activities (his planned activities cost $\$165$, which exceeds his $\$150$ budget).
He can eliminate the movies ($\$30$) to stay under budget, or eliminate the concert ($\$75$) to be well under budget, or he could also choose to cut back on the restaurant expense by $\$15$ instead of eliminating an entire activity.