Answer:
The overall budget of Mr. Hollis is $5,000.
Step-by-step explanation:
Le the total overall budget of Mr. Hollis = k
The amount he gives away each month = $800
Also, given that $ 800 is 16 % of the overall budget.
⇒ 16% of k = $800
or, [tex]\frac{16}{100} \times k = 800[/tex][tex]\implies k = \frac{800 \times 100}{16} = 5,000[/tex]
⇒ k = $5,000
or, 16% of the amount $5000 is $800.
Hence, the overall budget of Mr. Hollis is $5,000.
