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A charity event raised $5000. If 10% of the total amount is awarded as prizes, h

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Question: A charity event raised $5000. If 10% of the total amount is awarded as prizes, how much money is awarded?

Options:

  1. $400
  2. $500
  3. $600
  4. $700

Correct Answer: $500

Solution: 

Amount awarded = 10% of $5000 = 0.10 * 5000 = $500.

A charity event raised $5000. If 10% of the total amount is awarded as prizes, h

Practice Questions

Q1
A charity event raised $5000. If 10% of the total amount is awarded as prizes, how much money is awarded?
  1. $400
  2. $500
  3. $600
  4. $700

Questions & Step-by-Step Solutions

A charity event raised $5000. If 10% of the total amount is awarded as prizes, how much money is awarded?
  • Step 1: Understand that we need to find 10% of the total amount raised, which is $5000.
  • Step 2: Convert 10% into a decimal. 10% is the same as 0.10.
  • Step 3: Multiply the total amount by the decimal. So, calculate 0.10 * 5000.
  • Step 4: Perform the multiplication: 0.10 * 5000 = 500.
  • Step 5: Conclude that the amount awarded as prizes is $500.
  • Percentage Calculation – Understanding how to calculate a percentage of a total amount.
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