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A public administration reform is expected to reduce costs by 10%. If the curren

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Question: A public administration reform is expected to reduce costs by 10%. If the current costs are $800,000, what will be the new costs?

Options:

  1. $720,000
  2. $740,000
  3. $760,000
  4. $780,000

Correct Answer: $720,000

Solution: 

New costs = Current costs - (10% of Current costs) = 800,000 - (0.10 * 800,000) = 720,000.

A public administration reform is expected to reduce costs by 10%. If the curren

Practice Questions

Q1
A public administration reform is expected to reduce costs by 10%. If the current costs are $800,000, what will be the new costs?
  1. $720,000
  2. $740,000
  3. $760,000
  4. $780,000

Questions & Step-by-Step Solutions

A public administration reform is expected to reduce costs by 10%. If the current costs are $800,000, what will be the new costs?
  • Step 1: Identify the current costs, which are $800,000.
  • Step 2: Calculate 10% of the current costs. To do this, multiply the current costs by 0.10: 0.10 * 800,000.
  • Step 3: Perform the multiplication: 0.10 * 800,000 = $80,000.
  • Step 4: Subtract the 10% amount from the current costs to find the new costs: 800,000 - 80,000.
  • Step 5: Perform the subtraction: 800,000 - 80,000 = $720,000.
  • Step 6: The new costs after the reform will be $720,000.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount and apply it to find a new value.
  • Subtraction of Costs – Applying the calculated percentage reduction to the current costs to find the new costs.
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