Question

19

Tom is building a new barn for all of his farm equipment.
He spend $35,000 in buying raw materials and $40,000 in labor and machinery to build the barn.
This total amount came out to be 20% less than what he had budgeted for the barn.
What was the amount he had budgeted for the barn?
Answer: $

Answer 1

Build the barn : $35,000 + $40,000 = $75,000

Budgeted for the barn : $75,000 x 80% = $60,000

Explanation: