If a national event has a budget of $1,200,000 and 15% is allocated for marketin

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Question: If a national event has a budget of $1,200,000 and 15% is allocated for marketing, how much is spent on marketing?

Options:

Correct Answer: $180,000

Solution:

Amount spent on marketing = 1,200,000 * 0.15 = $180,000.

If a national event has a budget of $1,200,000 and 15% is allocated for marketing, how much is spent on marketing?

If a national event has a budget of $1,200,000 and 15% is allocated for marketing, how much is spent on marketing?

Step 1: Identify the total budget for the national event, which is $1,200,000.
Step 2: Determine the percentage allocated for marketing, which is 15%.
Step 3: Convert the percentage into a decimal by dividing by 100. So, 15% becomes 0.15.
Step 4: Multiply the total budget by the decimal to find the amount spent on marketing. This means calculating $1,200,000 * 0.15.
Step 5: Perform the multiplication: $1,200,000 * 0.15 = $180,000.
Step 6: Conclude that the amount spent on marketing is $180,000.

Percentage Calculation – Understanding how to calculate a percentage of a total amount.