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A government scheme has a total budget of ₹5,00,000. If 10% is reserved for admi

Practice Questions

Q1
A government scheme has a total budget of ₹5,00,000. If 10% is reserved for administrative costs, how much is reserved?
  1. ₹25,000
  2. ₹50,000
  3. ₹75,000
  4. ₹1,00,000

Questions & Step-by-Step Solutions

A government scheme has a total budget of ₹5,00,000. If 10% is reserved for administrative costs, how much is reserved?
  • Step 1: Understand that the total budget is ₹5,00,000.
  • Step 2: Know that 10% means 10 out of every 100 parts.
  • Step 3: Calculate 10% of ₹5,00,000 by multiplying ₹5,00,000 by 0.10 (which is the decimal form of 10%).
  • Step 4: Perform the multiplication: ₹5,00,000 * 0.10 = ₹50,000.
  • Step 5: Conclude that ₹50,000 is reserved for administrative costs.
  • Percentage Calculation – Understanding how to calculate a percentage of a total amount.
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