A band earns $400.00 for playing at a festival. Their manager is paid 10% of the money earned and the band is saving 15% of the money earned to put towards recording expenses. How much money is left for the band to split?
10+15 = 25
so 75% is left.
0.75 * 400 = 300
To calculate how much money is left for the band to split, we need to subtract the manager's payment and the amount saved for recording expenses from the total amount earned.
First, let's find the manager's payment. We can do this by multiplying the total amount earned by the manager's percentage, which is 10% (or 0.10).
Manager's payment = Total amount earned * Manager's percentage
Manager's payment = $400.00 * 0.10
Manager's payment = $40.00
Next, let's find the amount saved for recording expenses. We can use the same process by multiplying the total amount earned by the saving percentage, which is 15% (or 0.15).
Amount saved for recording expenses = Total amount earned * Saving percentage
Amount saved for recording expenses = $400.00 * 0.15
Amount saved for recording expenses = $60.00
Now, we can calculate the money left for the band to split by subtracting the manager's payment and the amount saved for recording expenses from the total amount earned.
Money left for the band to split = Total amount earned - Manager's payment - Amount saved for recording expenses
Money left for the band to split = $400.00 - $40.00 - $60.00
Money left for the band to split = $300.00
Therefore, there is $300.00 left for the band to split.