A project manager estimates that 40% of the project budget will be spent on resources. If the total budget is $150,000, how much will be spent on resources?
Practice Questions
1 question
Q1
A project manager estimates that 40% of the project budget will be spent on resources. If the total budget is $150,000, how much will be spent on resources?
$50,000
$60,000
$70,000
$80,000
40% of $150,000 is $60,000 spent on resources.
Questions & Step-by-step Solutions
1 item
Q
Q: A project manager estimates that 40% of the project budget will be spent on resources. If the total budget is $150,000, how much will be spent on resources?
Solution: 40% of $150,000 is $60,000 spent on resources.
Steps: 5
Step 1: Understand that 40% means 40 out of every 100 parts.
Step 2: Convert 40% into a decimal by dividing 40 by 100, which gives you 0.40.
Step 3: Multiply the total budget of $150,000 by the decimal 0.40 to find out how much will be spent on resources.
Step 4: Calculate $150,000 * 0.40, which equals $60,000.
Step 5: Conclude that $60,000 will be spent on resources.
