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A college awards a total of $5000 in scholarships. If 60% goes to the first plac

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Question: A college awards a total of $5000 in scholarships. If 60% goes to the first place, how much does the first place winner receive? (2000)

Options:

  1. $3000
  2. $2500
  3. $2000
  4. $1500

Correct Answer: $3000

Exam Year: 2000

Solution: 

Amount for first place = 60% of $5000 = 0.60 * 5000 = $3000.

A college awards a total of $5000 in scholarships. If 60% goes to the first plac

Practice Questions

Q1
A college awards a total of $5000 in scholarships. If 60% goes to the first place, how much does the first place winner receive? (2000)
  1. $3000
  2. $2500
  3. $2000
  4. $1500

Questions & Step-by-Step Solutions

A college awards a total of $5000 in scholarships. If 60% goes to the first place, how much does the first place winner receive? (2000)
  • Step 1: Understand that the total amount of scholarships is $5000.
  • Step 2: Know that 60% of this total amount goes to the first place winner.
  • Step 3: Convert the percentage (60%) into a decimal. 60% as a decimal is 0.60.
  • Step 4: Multiply the total amount ($5000) by the decimal (0.60) to find out how much the first place winner receives.
  • Step 5: Calculate: 0.60 * 5000 = $3000.
  • Step 6: Conclude that the first place winner receives $3000.
  • Percentage Calculation – Understanding how to calculate a percentage of a total amount.
  • Basic Arithmetic – Performing multiplication to find the value based on the percentage.
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