The Smiths spend 5% of their budget on entertainment. Their total budget this year is $2,000 more than last year, and this year they plan to spend $2,150 on entertainment. What was their total budget last year?

Respuesta :

Answer:

Total budget last year was $41000

Step-by-step explanation:

The Smiths spend 5% of the total budget on entertainment.

Amount on entertainment = [tex]\text{Total budget}\times \frac{5}{100}[/tex]

This year they planned to spend the amount on entertainment = $2150

So, 2150 = Total budget × [tex]\frac{5}{100}[/tex]

Total budget this year = [tex]\frac{2150\times 100}{5}[/tex]

                                     = $43000

Since, Total budget this year = Total budget last year + $2000  

$43000 = Total budget last year + $2000  

Total budget last year = $43000 - $2000

                                     = $41000