A project manager estimates that 40% of the project budget will be spent on reso

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What’s inside this PDF?

Question: 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?

Options:

$50,000
$60,000
$70,000
$80,000

Correct Answer: $60,000

Solution:

40% of $150,000 is $60,000 spent on resources.

A project manager estimates that 40% of the project budget will be spent on reso

Practice Questions

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

Questions & Step-by-Step Solutions

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?

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.

Percentage Calculation – Understanding how to calculate a percentage of a total amount.

A project manager estimates that 40% of the project budget will be spent on reso

What’s inside this PDF?

A project manager estimates that 40% of the project budget will be spent on reso

Practice Questions

Questions & Step-by-Step Solutions

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