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If a pie chart shows that 30% of a budget is allocated to marketing, and the tot

Practice Questions

Q1
If a pie chart shows that 30% of a budget is allocated to marketing, and the total budget is $500,000, how much is allocated to marketing?
  1. $100,000
  2. $150,000
  3. $200,000
  4. $250,000

Questions & Step-by-Step Solutions

If a pie chart shows that 30% of a budget is allocated to marketing, and the total budget is $500,000, how much is allocated to marketing?
  • Step 1: Understand that 30% means 30 out of 100 parts.
  • Step 2: Convert 30% to a decimal by dividing 30 by 100, which gives you 0.30.
  • Step 3: Multiply the total budget of $500,000 by the decimal 0.30 to find the amount allocated to marketing.
  • Step 4: Calculate 0.30 * 500,000, which equals $150,000.
  • Percentage Calculation – Understanding how to calculate a percentage of a total amount.
  • Budget Allocation – Interpreting budget distribution in financial contexts.
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