Question

Mr. Hollins determined that he gives away $800 each month. If he gives away 16% of his budget, how much is his overall budget? Please show your work. In part = % and total = 100.

a) $5,000
b) $4,000
c) $3,200
d) $2,500

Answer 1

To find Mr. Hollins' overall budget, the $800 he gives away, which represents 16% of his budget, is divided by 0.16 to find the whole, totaling $5,000.

Step-by-step explanation:

Mr. Hollins gives away $800 each month which represents 16% of his overall budget. To find the total budget, we set up a proportion where 16% (or 0.16 when converted to decimal form) is to the total budget (which we'll call 'B') as $800 is to 100% (the whole budget). This can be expressed in equation form as:

0.16 × B = $800

To solve for 'B', we divide both sides of the equation by 0.16:

B = $800 ÷ 0.16

B = $5,000

Therefore, Mr. Hollins' overall budget is $5,000, which makes the answer (a) $5,000.