A construction company has a budget of 2 million dollars to build a building. If they spend 115% of their budget, how much money have they spent to build the building (in millions)?

Question

Quizplus · Accepted Answer

We can use the percent formula to solve. The percent formula is below: ^part⁄_whole = ^%⁄₁₀₀ Based on the text, these are the values we will plug into the percent formula to solve: Whole: the original budget (2) Part: the actual amount spent (x) ^part⁄_whole = ^%⁄₁₀₀ ^x⁄₂ = ¹¹⁵⁄₁₀₀ Cross multiply and solve for x: ^x⁄₂ = ¹¹⁵⁄₁₀₀ 100 * x = 2 * 115 100x = 230 100x/100 = 230/100 x = 2.3 So, 2.3 is 115% of 2.

A Construction Company Has a Budget of 2 Million Dollars