00:01
For this problem, to begin, i'll note that we would calculate the proportion spent on x, whatever x is, the proportion spent on x would be the amount, amt for short, the amount spent on x, divided by the total spending.
00:35
We're told that the total amount spent, or just total, is 18 ,000.
00:42
Pardon me, no, i need to correct myself.
00:45
No, we're told that the total spent on entertainment and savings, so we have that the total for entertainment, i'll call that e and s for savings, is equal to 18 ,000.
01:02
We know that the proportion spent on savings is equal to 8%, or 0 .08.
01:13
The proportion spent on entertainment, e, is equal to 0 .12...