Ministry of transportation was upset that they overshot thier contraction budget for a local highway. If their total expenditure was $1,210,000.00 for the highway, which was 141% of their budgeted amount, calculate the amount budgeted to build the highway.
Let's suppose the budgeted amount to build the highway is x dollars.
If the total expenditure was 141% of the budgeted amount, then the equation to represent this scenario is 1.41x = $1,210,000.00.
To find the budgeted amount, divide both sides of the equation by 1.41:
1.41x / 1.41 = $1,210,000.00 / 1.41
This simplifies to x = $857,758.87.
Therefore, the amount budgeted to build the highway was $857,758.87.