The financial officer for an accounting firm allows Dh 50,000 for computer supplies in the annual budget. After 6 months, Dh 26,200 has been spent on supplies. Is this figure within 55% of the annual budget?
50,000 * 0.55 = ?
27.5
To determine whether the figure spent on supplies is within 55% of the annual budget, we need to calculate 55% of the annual budget.
Step 1: Calculate 55% of the annual budget.
55% of the annual budget = 55/100 * annual budget
Given that the annual budget is Dh 50,000, we can calculate:
55% of Dh 50,000 = 55/100 * 50,000
= 0.55 * 50,000
= Dh 27,500
Step 2: Compare the amount spent on supplies after 6 months with 55% of the annual budget.
The amount spent on supplies after 6 months is Dh 26,200.
Now, if Dh 26,200 is less than or equal to Dh 27,500 (55% of the annual budget), then the figure spent on supplies is within 55% of the annual budget. If it's greater than Dh 27,500, then it is not within 55% of the annual budget.
Comparing Dh 26,200 with Dh 27,500, we can see that Dh 26,200 is less than Dh 27,500.
Therefore, the figure spent on supplies (Dh 26,200) is within 55% of the annual budget.