If a city allocates $2,500,000 for infrastructure, which is 50% of its total bud

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Question: If a city allocates $2,500,000 for infrastructure, which is 50% of its total budget, what is the total budget?

Options:

Correct Answer: $5,000,000

Solution:

Total budget = $2,500,000 / 0.50 = $5,000,000

If a city allocates $2,500,000 for infrastructure, which is 50% of its total budget, what is the total budget?

If a city allocates $2,500,000 for infrastructure, which is 50% of its total budget, what is the total budget?

Step 1: Understand that the city has allocated $2,500,000 for infrastructure.
Step 2: Recognize that this amount represents 50% of the total budget.
Step 3: To find the total budget, you need to divide the allocated amount by the percentage it represents in decimal form.
Step 4: Convert 50% to decimal form, which is 0.50.
Step 5: Divide the allocated amount ($2,500,000) by 0.50: $2,500,000 / 0.50.
Step 6: Calculate the result, which is $5,000,000. This is the total budget.

Percentage Calculation – Understanding how to calculate the total amount based on a given percentage of that amount.
Budget Allocation – Interpreting budgetary figures and their implications in financial planning.