If a national event has a total cost of $1,000,000 and 25% is spent on logistics

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Question: If a national event has a total cost of $1,000,000 and 25% is spent on logistics, how much is spent on logistics? (2022)

Options:

Correct Answer: $250,000

Exam Year: 2022

Solution:

Logistics cost = 0.25 * 1,000,000 = 250,000.

If a national event has a total cost of $1,000,000 and 25% is spent on logistics, how much is spent on logistics? (2022)

If a national event has a total cost of $1,000,000 and 25% is spent on logistics, how much is spent on logistics? (2022)

Step 1: Identify the total cost of the national event, which is $1,000,000.
Step 2: Determine the percentage of the total cost that is spent on logistics, which is 25%.
Step 3: Convert the percentage into a decimal for calculation. 25% as a decimal is 0.25.
Step 4: Multiply the total cost by the decimal to find the logistics cost: 0.25 * 1,000,000.
Step 5: Calculate the result of the multiplication: 0.25 * 1,000,000 = 250,000.
Step 6: Conclude that the amount spent on logistics is $250,000.

Percentage Calculation – Understanding how to calculate a percentage of a total amount.
Basic Arithmetic – Applying multiplication to find a portion of a total cost.