A pie chart shows the distribution of a company's revenue across four products.
Practice Questions
Q1
A pie chart shows the distribution of a company's revenue across four products. If Product B accounts for 35% of the revenue, which of the following could be the revenue if Product B's revenue is $210,000?
$600,000
$700,000
$800,000
$900,000
Questions & Step-by-Step Solutions
A pie chart shows the distribution of a company's revenue across four products. If Product B accounts for 35% of the revenue, which of the following could be the revenue if Product B's revenue is $210,000?
Step 1: Understand that Product B represents 35% of the total revenue.
Step 2: Know that if Product B's revenue is $210,000, we can find the total revenue using the percentage.
Step 3: Convert the percentage to a decimal. 35% as a decimal is 0.35.
Step 4: Use the formula: Total Revenue = Product B Revenue / Percentage of Product B.
Step 5: Plug in the values: Total Revenue = $210,000 / 0.35.
Step 6: Calculate the total revenue: $210,000 divided by 0.35 equals $600,000.
Percentage Calculation – Understanding how to calculate total revenue based on a given percentage of that total.
Proportional Reasoning – Applying the concept of proportions to determine unknown values from known percentages.
