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If a public servant accepts a bribe of 10% on a contract worth $50,000, how much

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Question: If a public servant accepts a bribe of 10% on a contract worth $50,000, how much does he receive as a bribe?

Options:

  1. $2,000
  2. $5,000
  3. $10,000
  4. $15,000

Correct Answer: $5,000

Solution: 

10% of $50,000 is $5,000.

If a public servant accepts a bribe of 10% on a contract worth $50,000, how much

Practice Questions

Q1
If a public servant accepts a bribe of 10% on a contract worth $50,000, how much does he receive as a bribe?
  1. $2,000
  2. $5,000
  3. $10,000
  4. $15,000

Questions & Step-by-Step Solutions

If a public servant accepts a bribe of 10% on a contract worth $50,000, how much does he receive as a bribe?
  • Step 1: Identify the total contract amount, which is $50,000.
  • Step 2: Determine the percentage of the bribe, which is 10%.
  • Step 3: Convert the percentage to a decimal by dividing by 100. So, 10% becomes 0.10.
  • Step 4: Multiply the total contract amount by the decimal form of the percentage. So, $50,000 * 0.10.
  • Step 5: Calculate the result of the multiplication, which is $5,000.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount.
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