Subjects finance

Daily Expenses

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Daily Expenses


1. Stating the problem: You want to find the average daily expenses based on your total fixed monthly expenses. 2. Given information: Your total monthly expenses, which include rent, utilities, gas, salaries, etc., amount to 2000 Pesos. 3. The formula to calculate average daily expenses is: $$\text{Average Daily Expenses} = \frac{\text{Total Monthly Expenses}}{30}$$ 4. Substitute the given values: $$\frac{2000}{30} = 66.6\text{ Pesos}$$ 5. Interpretation: On average, you spend 66.6 Pesos per day on fixed expenses, regardless of sales. This helps you understand your basic daily cost needed to cover fixed expenses.