A subsidy scheme allocates ₹1,00,000 for 4 projects. If one project receives ₹30

A subsidy scheme allocates ₹1,00,000 for 4 projects. If one project receives ₹30,000, what percentage of the total budget does this project consume?

A subsidy scheme allocates ₹1,00,000 for 4 projects. If one project receives ₹30,000, what percentage of the total budget does this project consume?

Step 1: Identify the total budget allocated for the projects, which is ₹1,00,000.
Step 2: Identify the amount received by the specific project, which is ₹30,000.
Step 3: Divide the amount received by the project (₹30,000) by the total budget (₹1,00,000).
Step 4: Calculate the result of the division: ₹30,000 / ₹1,00,000 = 0.3.
Step 5: To find the percentage, multiply the result (0.3) by 100.
Step 6: The final result is 0.3 * 100 = 30%. This means the project consumes 30% of the total budget.

Percentage Calculation – Understanding how to calculate the percentage of a part relative to a whole.