If a company has a budget of $50,000 for ethical training and spends 25% of it o

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Question: If a company has a budget of $50,000 for ethical training and spends 25% of it on materials, how much is spent on materials?

Options:

Correct Answer: $12,500

Solution:

25% of $50,000 is calculated as (25/100) * 50000 = $12,500.

If a company has a budget of $50,000 for ethical training and spends 25% of it on materials, how much is spent on materials?

If a company has a budget of $50,000 for ethical training and spends 25% of it on materials, how much is spent on materials?

Step 1: Understand that the company has a total budget of $50,000.
Step 2: Know that 25% means 25 out of every 100 parts.
Step 3: To find 25% of $50,000, convert 25% to a fraction: 25% = 25/100.
Step 4: Multiply the fraction by the total budget: (25/100) * 50000.
Step 5: Calculate the multiplication: 25 * 50000 = 1250000.
Step 6: Now divide by 100 to find the amount spent on materials: 1250000 / 100 = 12500.
Step 7: Therefore, the company spends $12,500 on materials.

Percentage Calculation – Understanding how to calculate a percentage of a total amount.
Budget Allocation – Applying a percentage to a budget to determine specific expenditures.