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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If I spent $60 and ended up being 120 percent of my budget, what amount would be 100 percent? How would i calculate this? I am trying to help my kid with his math homework and I would know how to do it in my head but terrible at explaining. Help!?[/quote] You are 20% over at $60. 20% of $60 is 2 x 60, 120, move the decimal one place, .2 is 20%, $12. Double check your work. If $12 is 20%, then 5x that amount, 5 x 20% = 100%, should be the original amount. [/quote] This isn’t correct. You are correct that you are 20% over budget at $60, but you it’s 20% of $50, not 20% of $60. You got the right answer, but it’s coincidence that the numbers works. If the problem was $90 is 150% of budget, what is 100% of the budget? The answer is $60. If we did it your way, you are 50% over at $90. 50% of $90 is $45. So 100% is $90, which isn’t the correct answer. [/quote]
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