Question

Mr. Hollis determines that he gives away $800 each month. If he gives away 16% of his budget how much is his overall budget?

Answer 1

The overall budget of Mr. Hollis is $5,000.

Explanation:

Le the total overall budget of Mr. Hollis = k

The amount he gives away each month = $800

Also, given that $ 800 is 16 % of the overall budget.

⇒ 16% of k = $800

or,
`(16)/(100)  * k = 800`
`\implies k = (800 * 100)/(16)   = 5,000`

⇒ k = $5,000

or, 16% of the amount $5000 is $800.

Hence, the overall budget of Mr. Hollis is $5,000.