Finding percentages

Question

The pie chart below shows how a sports organization makes its profit. Last year the team made $2,000,000 in profit, and this year it increased its profits to $2,500,000. How much money was made on food sales in both years? Programs: 15% Food: 40% Tickets: 20% Souvenirs: 25% F. 1,800,000 G. 1.000,000 J. 800.000 K. 500,000

Answer 1

Over the two years, the sports organization made $2,000,000 plus $2,500,000 in profits; that is, they made $4,500,000 in profits. Forty percent was made on food sales. So, you need to take 40 percent of $4,500,00. This is a multiplication problem, since "of" translates as multiplication in most math word problems.

40% (percent) = 0.40 (decimal)

(0.40)($4,500,000) = $1,800,000

So, the answer is F, which you might have guessed by estimated since 40% is somewhat less than 50% or half of the amount.