Final answer:
The company spent $22,748 on advertising, calculated by multiplying their monthly sales of $103,400 by the advertising percentage of 22%.
Step-by-step explanation:
The question you've asked involves finding out how much a company spent on advertising based on a percentage of their monthly sales. This is a straightforward percentage calculation question. To find the answer, you simply multiply the total monthly sales by the percentage allocated to advertising.
In this case, the company had monthly sales of $103,400 and spent 22% on advertising. To calculate how much was spent on advising, we use the formula:
Amount spent on advising = Total sales × (Percentage spent on advising / 100)
That gives us:
Amount spent on advising = $103,400 × (22 / 100)
Amount spent on advising = $103,400 × 0.22
Amount spent on advising = $22,748
Therefore, the company spent $22,748 on advertising.