A pie chart shows the distribution of a company's revenue across four products.
Practice Questions
Q1
A pie chart shows the distribution of a company's revenue across four products. If Product A accounts for 10% of the total revenue and the total revenue is $1 million, how much revenue does Product A generate?
$50,000
$100,000
$150,000
$200,000
Questions & Step-by-Step Solutions
A pie chart shows the distribution of a company's revenue across four products. If Product A accounts for 10% of the total revenue and the total revenue is $1 million, how much revenue does Product A generate?
Step 1: Understand that 10% means 10 out of every 100 parts.
Step 2: Know that the total revenue is $1 million.
Step 3: Convert 10% to a decimal by dividing 10 by 100, which equals 0.10.
Step 4: Multiply the total revenue ($1 million) by the decimal (0.10).
Step 5: Calculate $1 million times 0.10, which equals $100,000.
Step 6: Conclude that Product A generates $100,000 in revenue.
Percentage Calculation – Understanding how to calculate a percentage of a total amount.
Revenue Distribution – Interpreting data from a pie chart to determine revenue contributions from different products.
