Question

A building contractor estimated the cost of construction on a house would be between

$235.000 and $297,000. He has already spent $164,000. How much more can he spend
and remain within his budget?
Help please

Answer 1

$133,000

Explanation:

The upper end of the contractor's budget is $297,000. If he has already spent $164,000, he can spend as much as ...

$297,000 -164,000 = $133,000

without exceeding his budget.

He can spend $133,000 more and remain within budget.

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Additional comment

Of course, he'd like to come in at the low end of the cost range, so would be very happy to spend only $71,000 more.