If a government spends $500 million on healthcare, which is 20% of its total exp

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Question: If a government spends $500 million on healthcare, which is 20% of its total expenditure, what is the total expenditure?

Options:

Correct Answer: $2.5 billion

Solution:

Total expenditure = Healthcare spending / Percentage = 500 million / 0.20 = 2.5 billion.

If a government spends $500 million on healthcare, which is 20% of its total expenditure, what is the total expenditure?

If a government spends $500 million on healthcare, which is 20% of its total expenditure, what is the total expenditure?

Step 1: Understand that the government spends $500 million on healthcare.
Step 2: Know that this $500 million represents 20% of the total expenditure.
Step 3: To find the total expenditure, we need to divide the healthcare spending by the percentage (in decimal form).
Step 4: Convert 20% to decimal form, which is 0.20.
Step 5: Use the formula: Total expenditure = Healthcare spending / Percentage.
Step 6: Plug in the numbers: Total expenditure = 500 million / 0.20.
Step 7: Calculate the total expenditure: 500 million divided by 0.20 equals 2.5 billion.

Percentage Calculation – Understanding how to calculate total expenditure based on a given percentage of that total.