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A company plans to allocate 40% of its $250,000 budget to research and developme

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What’s inside this PDF?

Question: A company plans to allocate 40% of its $250,000 budget to research and development. How much money is that?

Options:

  1. $80,000
  2. $90,000
  3. $100,000
  4. $70,000

Correct Answer: $80,000

Solution: 

Amount for R&D = 40% of $250,000 = $100,000.

A company plans to allocate 40% of its $250,000 budget to research and developme

Practice Questions

Q1
A company plans to allocate 40% of its $250,000 budget to research and development. How much money is that?
  1. $80,000
  2. $90,000
  3. $100,000
  4. $70,000

Questions & Step-by-Step Solutions

A company plans to allocate 40% of its $250,000 budget to research and development. How much money is that?
  • Step 1: Understand that 40% means 40 out of every 100 parts.
  • Step 2: Convert 40% to a decimal by dividing 40 by 100, which gives you 0.40.
  • Step 3: Multiply the total budget of $250,000 by the decimal 0.40 to find the amount for R&D.
  • Step 4: Calculate $250,000 * 0.40, which equals $100,000.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount.
  • Budget Allocation – Applying budgetary concepts to determine specific allocations for different departments.
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