A pie chart shows the distribution of a budget among four departments. If the Ma

Practice Questions

A pie chart shows the distribution of a budget among four departments. If the Marketing department receives 20% of the budget, which of the following is a possible budget amount if Marketing's allocation is $50,000?

$200,000
$250,000
$300,000
$400,000

Questions & Step-by-Step Solutions

Step 1: Understand that the Marketing department receives 20% of the total budget.
Step 2: Know that 20% can be written as a decimal, which is 0.20.
Step 3: Recognize that if Marketing gets $50,000, this amount represents 20% of the total budget.
Step 4: To find the total budget, you need to divide the amount Marketing receives by the percentage it represents.
Step 5: Perform the calculation: Total Budget = $50,000 / 0.20.
Step 6: Calculate $50,000 divided by 0.20, which equals $250,000.
Step 7: Conclude that the total budget amount is $250,000.

Percentage Calculation – Understanding how to calculate the total amount based on a given percentage of that amount.
Budget Allocation – Interpreting budget distributions and allocations among different departments.

A pie chart shows the distribution of a budget among four departments. If the Ma

Practice Questions

Questions & Step-by-Step Solutions

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