Question

Each year an organization raises money to offer Berkeley College students scholarships. They currently have raised $14,300. This represents 58% of the money they raise. Determine the amount of money the organization will raise in total.

Answer 1

We can use a proportion to solve the problem. Let x be the total amount of money the organization will raise, then we can set up the following equation:

58/100 = 14,300/x

To solve for x, we can cross-multiply and simplify:

58x = 14,300 * 100

58x = 1,430,000

x = 1,430,000/58

x = 24,655.17

Therefore, the organization will raise a total of $24,655.17.