A national event is expected to generate $2 million in revenue. If 10% of that r

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Question: A national event is expected to generate $2 million in revenue. If 10% of that revenue is allocated to charity, how much will be donated? (2023)

Options:

$200,000
$150,000
$250,000
$300,000

Correct Answer: $200,000

Exam Year: 2023

Solution:

Amount donated = 10% of 2,000,000 = 0.10 * 2,000,000 = $200,000.

A national event is expected to generate $2 million in revenue. If 10% of that r

Practice Questions

A national event is expected to generate $2 million in revenue. If 10% of that revenue is allocated to charity, how much will be donated? (2023)

$200,000
$150,000
$250,000
$300,000

Questions & Step-by-Step Solutions

A national event is expected to generate $2 million in revenue. If 10% of that revenue is allocated to charity, how much will be donated? (2023)

Step 1: Identify the total revenue expected from the national event, which is $2 million.
Step 2: Determine the percentage of revenue that will be allocated to charity, which is 10%.
Step 3: Convert the percentage into a decimal for calculation. 10% as a decimal is 0.10.
Step 4: Multiply the total revenue by the decimal to find the amount donated. This means calculating 0.10 * 2,000,000.
Step 5: Perform the multiplication: 0.10 * 2,000,000 = 200,000.
Step 6: Conclude that the amount donated to charity will be $200,000.

Percentage Calculation – Understanding how to calculate a percentage of a given amount.
Basic Arithmetic – Applying multiplication to find the total amount based on a percentage.

A national event is expected to generate $2 million in revenue. If 10% of that r

What’s inside this PDF?

A national event is expected to generate $2 million in revenue. If 10% of that r

Practice Questions

Questions & Step-by-Step Solutions

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