Yearly subscriptions to professional magazines cost a company $951.
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Yearly subscriptions to professional magazines cost a company $951. If the magazine budget is cut by 60%, how much less money must be spent?
Show answer & explanation
Answer: A. $570.60
A 60% budget cut means the company spends 60% less on magazines. Calculate 60% of $951: 0.60 × $951 = $570.60. This is the amount of money that must be spent less (the reduction amount).
Step-by-step Derivation:
Step 1: Identify the original budget = $951
Step 2: Calculate the percentage cut = 60%
Step 3: Amount to reduce = 60% of $951 = 0.60 × $951 = $570.60
Step 4: Verify: New budget would be $951 - $570.60 = $380.40 (40% of original), which confirms a 60% reduction.
Answer: $570.60 less must be spent.