Answer:
The full budget has a total value of $160,000
Step-by-step explanation:
This is a simple ratio problem and can be solved using the Rule of Three property. The Rule of Three is used to compare two ratios and find the missing part. In this case the ratios would be the following.
[tex]\frac{64,000}{40 percent} = \frac{x}{100 percent}[/tex]
[tex]\frac{64,000 * 100 percent}{40 percent} = \frac{x}[/tex]
[tex]\frac{6,400,000}{40 percent} = \frac{x}[/tex]
[tex]160,000= \frac{x}[/tex]
So now we know that 100% (The full budget) has a total value of $160,000.
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