SOLUTION: A city had a budget deficit of $50,000. If revenues were $250,000, how much were expenses?

Algebra ->  Algebra  -> Customizable Word Problem Solvers  -> Finance -> SOLUTION: A city had a budget deficit of $50,000. If revenues were $250,000, how much were expenses?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com
Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!
Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!

   

Question 213051: A city had a budget deficit of $50,000. If revenues were $250,000, how much were expenses?
Answer by Earlsdon(6103) About Me  (Show Source):
You can put this solution on YOUR website!
Deficit means the city spent more than it took in.
Revenues = $250,000
Over spent $50,000
Expenses = Revenues + deficit.
Expenses = $250,000+$50,000 = $300,000