I am sure it is a simple equation, but I just can't seem to figure this one out.
if $2000 is 40% how do i figure out what the remaining 60% is in dollars
I am sure it is a simple equation, but I just can't seem to figure this one out.
if $2000 is 40% how do i figure out what the remaining 60% is in dollars
On
Percentages are very cool. As you know, $\%$ just stands in for $\times\frac{1}{100}$, but what you may not know is that to take a percentage of something, you just have to multiply by that percentage:
$$\text{$x\%$ of $N$}=(x\%)(N)=\frac{xN}{100}$$
So, call the total money $T$. Saying that $\$2000$ is $40\%$ of $T$ tells us that
$$\$2000 = 0.4T \iff T=\frac{\$2000}{0.4}$$
Now, to get the remaining $60\%$, take
$$(60\%)T = (0.6)\frac{\$2000}{0.4}$$
I’ll let you do the arithmetic.
Method using ratios
Let the answer be $x$.
$$\frac{\$2000}{40\%}=\frac x{60\%}$$
$$x=\frac{\$2000\cdot60\%}{40\%}$$
$$x=\frac{\$2000\cdot3}{2}$$
$$x=\$3000$$
Method using the total sum
Because $\$2000$ is $40\%$ of total, then $\$1000$ is $20\%=\frac15$ of total, so the total is $5*\$1000=\$5000$.
So, $60\%$ of total is $60\%*\$5000=\frac{60}{100}*\$5000=\$3000$.