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An NGO has 80% of its funds allocated for projects. If the total funds are $50,0

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Question: An NGO has 80% of its funds allocated for projects. If the total funds are $50,000, how much is allocated for projects?

Options:

  1. $40000
  2. $30000
  3. $20000
  4. $50000

Correct Answer: $40000

Solution: 

80% of $50,000 is $40,000.

An NGO has 80% of its funds allocated for projects. If the total funds are $50,0

Practice Questions

Q1
An NGO has 80% of its funds allocated for projects. If the total funds are $50,000, how much is allocated for projects?
  1. $40000
  2. $30000
  3. $20000
  4. $50000

Questions & Step-by-Step Solutions

An NGO has 80% of its funds allocated for projects. If the total funds are $50,000, how much is allocated for projects?
  • Step 1: Understand that 80% means 80 out of every 100 parts.
  • Step 2: Convert 80% into a decimal by dividing 80 by 100, which gives you 0.80.
  • Step 3: Multiply the total funds ($50,000) by the decimal (0.80) to find the amount allocated for projects.
  • Step 4: Calculate $50,000 * 0.80, which equals $40,000.
  • Step 5: Conclude that $40,000 is allocated for projects.
  • Percentage Calculation – Understanding how to calculate a percentage of a total amount.
  • Basic Arithmetic – Applying multiplication to find the product of a percentage and a total.
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