The owners want to reduce total monthly expenses from $45,000 to $40,000 per month. They cannot reduce their rent and salaries expenses, so they must reduce what they spend for travel, business supplies, and miscellaneous goods to meet their goal. Under the new reduced spending policy, Welch Inc. would spend a total of $10,125 on business supplies and miscellaneous goods. Approximately what percentage of total expenses would Welch Inc. spend on travel under the reduced spending policy?

Use the following chart to answer the questions below: