If a country spends $300 million on healthcare and this is 15% of its total budg

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Question: If a country spends $300 million on healthcare and this is 15% of its total budget, what is the total budget?

Options:

Correct Answer: $1.5 billion

Solution:

Total budget = $300 million / 0.15 = $2 billion.

If a country spends $300 million on healthcare and this is 15% of its total budget, what is the total budget?

If a country spends $300 million on healthcare and this is 15% of its total budget, what is the total budget?

Step 1: Understand that the country spends $300 million on healthcare.
Step 2: Know that this $300 million represents 15% of the total budget.
Step 3: To find the total budget, we need to divide the amount spent on healthcare by the percentage it represents in decimal form.
Step 4: Convert 15% to decimal form, which is 0.15 (15 divided by 100).
Step 5: Use the formula: Total budget = Amount spent on healthcare / Percentage in decimal.
Step 6: Plug in the numbers: Total budget = $300 million / 0.15.
Step 7: Calculate the total budget: $300 million divided by 0.15 equals $2 billion.

Percentage Calculation – Understanding how to calculate the total amount from a given percentage of that amount.