The Ministry of Transportation was upset that they overshot thier construction budget for a local highway. If their total expenditure was $1,130,000.00 for the highway, which was 139% of their budgeted amount, calculate the amount budgeted to build the highway.
Let x be the budgeted amount to build the highway.
According to the information given, the total expenditure was $1,130,000.00, which was 139% of the budgeted amount.
Therefore, we can write the equation:
1.39x = $1,130,000.00
Solving for x, we get:
x = $1,130,000.00 / 1.39
x = $814,676.26
Therefore, the amount budgeted to build the highway was $814,676.26.