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If a national event has a budget of $2 million and 25% is allocated for marketin

Practice Questions

Q1
If a national event has a budget of $2 million and 25% is allocated for marketing, how much is allocated for marketing?
  1. $500,000
  2. $600,000
  3. $400,000
  4. $300,000

Questions & Step-by-Step Solutions

If a national event has a budget of $2 million and 25% is allocated for marketing, how much is allocated for marketing?
  • Step 1: Understand the total budget, which is $2 million.
  • Step 2: Convert the percentage allocated for marketing (25%) into a decimal. To do this, divide 25 by 100, which equals 0.25.
  • Step 3: Multiply the total budget ($2 million) by the decimal (0.25) to find the amount allocated for marketing.
  • Step 4: Perform the multiplication: 2,000,000 * 0.25 = 500,000.
  • Step 5: The result, $500,000, is the amount allocated for marketing.
  • Percentage Calculation – Understanding how to calculate a percentage of a total amount.
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