Questions: A contractor figured a job at 66,719.47. If they have already spent 23,830.89 for materials and 14,054.23 on labor, how much money is left in the budget for this job?
Transcript text: A contractor figured a job at $\$ 66,719.47$. If they have already spent $\$ 23,830.89$ for materials and $\$ 14,054.23$ on labor, how much money is left in the budget for this job?
Solution
Solution Steps
Step 1: Calculate the total amount spent
Add the amount spent on materials and labor:
\[
\$23,830.89 + \$14,054.23 = \$37,885.12
\]
Step 2: Subtract the total spent from the initial budget
Subtract the total amount spent from the initial budget to find the remaining amount:
\[
\$66,719.47 - \$37,885.12 = \$28,834.35
\]
Step 3: Present the final result
The remaining amount in the budget is:
\[
\$28,834.35
\]