Question

You have a monthly budget percentage of 5% for marketing your projected sales for the month of March are $300,000 what is the amount to spend on marketing in March

Answer 1

Answer:

$15,000 is the amount to spend on marketing in the month of March.

Step-by-step explanation:

Given:

You have a monthly budget percentage of 5% for marketing.

Your projected sales for the month of March are $300,000.

Now, to find the amount spend on marketing:

Rate of marketing = 5%.

Projected sales for the month of March = $300,000.

Now, to get the amount spend on marketing in March:

5% of $300,000.

$=\frac{5}{100} \times 300,000$

$=0.05\times 300,000$

$=15,000.$

Therefore, $15,000 is the amount to spend on marketing in the month of March.