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If a national event has a budget of $50,000 and 40% is allocated for marketing,

Practice Questions

Q1
If a national event has a budget of $50,000 and 40% is allocated for marketing, how much is allocated for marketing?
  1. $20,000
  2. $25,000
  3. $30,000
  4. $15,000

Questions & Step-by-Step Solutions

If a national event has a budget of $50,000 and 40% is allocated for marketing, how much is allocated for marketing?
  • Step 1: Identify the total budget for the national event, which is $50,000.
  • Step 2: Determine the percentage allocated for marketing, which is 40%.
  • Step 3: Convert the percentage into a decimal by dividing by 100. So, 40% becomes 0.40.
  • Step 4: Multiply the total budget by the decimal. So, calculate $50,000 * 0.40.
  • Step 5: Perform the multiplication. $50,000 * 0.40 equals $20,000.
  • Step 6: The amount allocated for marketing is $20,000.
  • Percentage Calculation – Understanding how to calculate a percentage of a total amount.
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