Answer:
$15,000 is the amount to spend on marketing in the month of March.
Step-by-step explanation:
Given:
You have a monthly budget percentage of 5% for marketing.
Your projected sales for the month of March are $300,000.
Now, to find the amount spend on marketing:
Rate of marketing = 5%.
Projected sales for the month of March = $300,000.
Now, to get the amount spend on marketing in March:
5% of $300,000.
[tex]=\frac{5}{100} \times 300,000[/tex]
[tex]=0.05\times 300,000[/tex]
[tex]=15,000.[/tex]
Therefore, $15,000 is the amount to spend on marketing in the month of March.
