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If a pie chart shows that 15% of a budget is allocated to marketing, and the tot

Practice Questions

Q1
If a pie chart shows that 15% of a budget is allocated to marketing, and the total budget is $500,000, how much is allocated to marketing?
  1. $50,000
  2. $75,000
  3. $100,000
  4. $125,000

Questions & Step-by-Step Solutions

If a pie chart shows that 15% of a budget is allocated to marketing, and the total budget is $500,000, how much is allocated to marketing?
  • Step 1: Understand that 15% means 15 out of every 100 parts.
  • Step 2: Convert the percentage to a decimal by dividing 15 by 100. This gives you 0.15.
  • Step 3: Multiply the total budget of $500,000 by the decimal you found in Step 2. So, calculate 0.15 * 500,000.
  • Step 4: Perform the multiplication: 0.15 * 500,000 = 75,000.
  • Step 5: Conclude that $75,000 is allocated to marketing.
  • Percentage Calculation – Understanding how to calculate a percentage of a total amount.
  • Budget Allocation – Interpreting budget distribution as represented in a pie chart.
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