On a home improvement project. spent $3000, which was 125% of the original budget (25% over budget). What was the original budget? $______
$3000 = 1.25X
You can do the calculations.
I hope this helps. Thanks for asking.
Let x = original budget
Formula to use:
amount spent = given percent times x
$3000 = 1.25(x)
Divide both sides by 1.25 to find x.
$3000/1.25 = x
$2400 = x
To find the original budget, we can set up a proportion using the information given. Let's start by representing the original budget with the variable x.
We know that $3000 is 125% of the original budget, so we can set up the proportion:
(125/100) = 3000/x
To solve for x, we can cross multiply and then divide:
125 * x = 100 * 3000
125x = 300000
Dividing both sides by 125:
x = 300000 / 125
x ≈ 2400
Therefore, the original budget was approximately $2400.