A national political party has a budget of $30,000,000 to spend on the inauguration of the new president. 16% of the costs will be paid to personnel, 12% of the costs will go toward food, and 10% will go to decorations. How much money will go for personnel, food, and decorations?
- Personnel Costs = 0.16 * 30,000,000 = $4,800,000
- Food Costs = 0.12 * 30,000,000 = $3,600,000
- Decoration Costs = 0.10 * 30,000,000 = $3,000,000