The Smiths spend 6% of their budget on entertainment. Their total budget this year is $2,000 more than last year, and this year they plan to

Question

The Smiths spend 6% of their budget on entertainment. Their total budget this year is $2,000 more than last year, and this year they plan to spend $2,760 on entertainment. What was their total budget last year? Their total budget last year was?

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Khang Minh 5 years 2021-08-23T12:26:21+00:00 1 Answers 17 views 0

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  1. Doris
    0
    2021-08-23T12:27:29+00:00
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    Answer: Their total budget last year was $44,000.

    Step-by-step explanation:

    Given: Smiths spend 6% of their budget on entertainment.

    Total budget this year = $ 2000 more than last year.

    Let x = Budget for this year.

    Money on entertainment = 0.06x = 2760

    \Rightarrow\ x=\dfrac{2760}{0.06}= \$46,000

    ⇒ Budget for this year = $ 46,000

    Budget for last year = $ 46,000 – $2,000 = $44,000

    Hence, their total budget last year was $44,000.

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