porter family budget\nthe porter family has a...
porter family budget\nthe porter family has a net income of $5,000. if they want to reduce their food budget by $50, how much would the new food budget be? $square$\nemergency fund 5%\nclothing 10%\nmedical 5%\nsavings 15%\ntransportation 10%\nhousing 30%\nfood 25%
Answer
# Explanation:
## Step1: Calculate original food budget
The net - income is $5000$ and the percentage for food is $25\%$. So the original food budget is $5000\times0.25 = 1250$.
## Step2: Calculate new food budget
Reduce the original food budget by $50$. So the new food budget is $1250 - 50=1200$.
# Answer:
$1200$