A national event has a budget of $500,000. If 20% is spent on marketing, how muc

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Question: A national event has a budget of $500,000. If 20% is spent on marketing, how much is left for other expenses? (2018)

Options:

Correct Answer: $400,000

Exam Year: 2018

Solution:

Amount spent on marketing = 20% of 500,000 = 0.20 * 500,000 = $100,000. Amount left = 500,000 - 100,000 = $400,000.

A national event has a budget of $500,000. If 20% is spent on marketing, how much is left for other expenses? (2018)

A national event has a budget of $500,000. If 20% is spent on marketing, how much is left for other expenses? (2018)

Step 1: Identify the total budget for the event, which is $500,000.
Step 2: Calculate 20% of the total budget. To do this, multiply 500,000 by 0.20.
Step 3: Perform the multiplication: 0.20 * 500,000 = $100,000. This is the amount spent on marketing.
Step 4: Subtract the amount spent on marketing from the total budget. So, $500,000 - $100,000.
Step 5: Perform the subtraction: $500,000 - $100,000 = $400,000. This is the amount left for other expenses.

Percentage Calculation – Understanding how to calculate a percentage of a total amount.
Subtraction – Performing subtraction to find the remaining amount after expenses.