If a government spends $300,000 on healthcare, which is 20% of its total spendin

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Question: If a government spends $300,000 on healthcare, which is 20% of its total spending, what is the total spending?

Options:

Correct Answer: $1,200,000

Solution:

Total spending = $300,000 / 0.20 = $1,500,000

If a government spends $300,000 on healthcare, which is 20% of its total spending, what is the total spending?

If a government spends $300,000 on healthcare, which is 20% of its total spending, what is the total spending?

Step 1: Understand that the government spends $300,000 on healthcare.
Step 2: Know that this $300,000 represents 20% of the total spending.
Step 3: To find the total spending, you need to divide the amount spent on healthcare by the percentage it represents in decimal form.
Step 4: Convert 20% to decimal form, which is 0.20.
Step 5: Use the formula: Total spending = Amount spent on healthcare / Percentage in decimal.
Step 6: Plug in the numbers: Total spending = $300,000 / 0.20.
Step 7: Calculate the total spending: $300,000 divided by 0.20 equals $1,500,000.

Percentage Calculation – Understanding how to calculate total values from a given percentage.