Answer:
$45,000
Step-by-step explanation:
In order to find the budget from last year, you can use the information given to first find the budget for this year. Given that $3,290 represents 7% of this year's budget, you can set up a proportion to find the total budget for this year:
[tex]\frac{7}{100}=\frac{3,290}{x}[/tex], where 'x' is the amount of the total budget
Cross-multiply and divide: 7x = (3,290)(100) or 7x = 329,000
Solve for x: x = $47,000
Since $47,000 represents the total budget for this year, which is $2000 more than last year, you can subtract to find last year's budget:
$47,000 - $2,000 = $45,000
