The Pearson family’s monthly income is $4,800. They have budgeted $960 for their mortgage payment.

Which best represents the percent of their monthly budget that is allocated for this expense item?

To determine what percentage of the Pearson family's monthly income is allocated for their mortgage payment, we can use the following formula:

\[
\text{Percentage} = \left( \frac{\text{Mortgage Payment}}{\text{Monthly Income}} \right) \times 100
\]

Given:
- Mortgage payment = $960
- Monthly income = $4,800

\[
\text{Percentage} = \left( \frac{960}{4800} \right) \times 100 = 0.2 \times 100 = 20\%
\]

Thus, **20%** of their monthly budget is allocated for the mortgage payment.

Would you like a detailed breakdown of how the calculation works, or do you have any further questions?

Here are 5 related questions to expand this concept:
1. If the Pearson family's monthly income increased to $5,500, what would the new percentage for their mortgage be?
2. If they wanted to allocate 25% of their budget for savings, how much would that be?
3. How would a $200 increase in their mortgage payment affect the percentage allocated to it?
4. What if the mortgage payment was $1,200—what would the percentage be then?
5. How much more income would they need to reduce the mortgage payment percentage to 15%?

**Tip:** When calculating percentages, always ensure the ratio of parts to the whole is multiplied by 100.

The Pearson family’s monthly income is $4,800. They have budgeted $960 for their mortgage payment. Which best represents the percent of their monthly budget that is allocated for this expense item?

Learn how to calculate the percentage of the Pearson family's monthly income allocated to their mortgage payment. Using simple percentage formulas, find out that 20% of their $4,800 monthly income is spent on a $960 mortgage. Ideal for students in Grades 6-8.

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