Question 283808: Hello! I would be thankful if someone is able to help me out on this one problem of mine which is, quite frankly, totally beyond me, and it deals with budgets and such. It goes something like this:
During the first 3 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 budegeted amount totalled $252,000 for these three months, how much were expenditures below the budget estimates during the first month?
Thank you very much for the help! :)
Answer by Theo(13342)   (Show Source):
You can put this solution on YOUR website! If the total budget for the 3 months was $252,000, and the monthly budget remained the same for the 3 months, then the monthly budget had to be $252,000 / 3 = $84,000 per month.
If they spent 90% of their monthly budget the first month, then they spent .9 * $84,000 = $75,600 the first month.
$84,000 - $75,600 = $8,400.
They spent $8,400 below their budget for the first month.
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