SOLUTION: Hi! Here's my question: During the first three months of the fiscal year an operating department spent 90%, 105% and 120% respectively of its monthly budget which remained the s

Algebra ->  Finance -> SOLUTION: Hi! Here's my question: During the first three months of the fiscal year an operating department spent 90%, 105% and 120% respectively of its monthly budget which remained the s      Log On


   



Question 1122217: Hi! Here's my question:
During the first three months of the fiscal year an operating department spent 90%, 105% and 120% respectively of its monthly budget which remained the same each month. If the budgeted amount totalled $252,000 for the 3 months, how much were expenditures budget estimates during the first month?
Thank you for your help!


Answer by greenestamps(13203) About Me  (Show Source):
You can put this solution on YOUR website!


The budgeted amount for the three months was $252,000, with equal amounts each month. So what was the budgeted amount for each month?

If they spent 90% of the budgeted amount the first month, how much did they spend?