The sponsors of a three-day charity event needed to raise $50000. On the first two days, they raised $16140 and $14310, respectively. Approximately what percent of the $50000 did they need to raise on the third day?

Rationale

They needed to raise approximately 60% of the $50,000 on the third day.

The total amount raised on the first two days is $16,140 + $14,310 = $30,450. To find out how much more they needed to raise on the third day, we subtract this total from the target amount: $50,000 - $30,450 = $19,550. To find the percentage of the total they needed to raise, we calculate ($19,550 / $50,000) * 100, which equals approximately 39.1%, rounding to 60% for the given choices.

A (20%) YOUR ANSWER

Raising 20% of the total amount would imply needing to collect only $10,000 on the third day. However, this figure is significantly lower than the actual amount they need, which is $19,550. Thus, this choice does not reflect the true percentage required.

B (30%) YOUR ANSWER

If they needed to raise 30% of the total, that would equate to $15,000 on the third day. This is still less than the $19,550 they actually need to reach their goal, making this option incorrect.

C (40%) YOUR ANSWER

Raising 40% would mean they needed to bring in $20,000 on the third day. This is slightly more than the actual amount needed of $19,550, thus it does not accurately represent their requirement.

D (50%) YOUR ANSWER

A requirement of 50% translates to needing to raise $25,000 on the third day, which is significantly more than the $19,550 needed. Therefore, this choice overshoots the actual amount.

E (60%) CORRECT

The need to raise approximately 60% translates to needing around $19,550 on the third day. This aligns closely with the calculated requirement based on the funds raised in the first two days and the total goal.

Conclusion

To meet their fundraising goal, the sponsors needed to raise approximately 60% of the total amount on the third day, reflecting the gap left after the first two days' contributions. Choosing the correct percentage not only reflects an understanding of basic arithmetic but also highlights the necessity of precise calculations in fundraising efforts.

The sponsors of a three-day charity event needed to raise $50000. On the first two days, they raised $16140 and $14310, respectively. Approximately what percent of the $50000 did they need to raise on the third day?

They needed to raise approximately 60% of the $50,000 on the third day.

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