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HomeWork2 Sponsor A Project: (Q2)

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shussain Posts: 21	Posted 19:34 Jan 25, 2013 \| As its stated how to calculate Percentage Funded?? and for clarification isnt it The Amount Pledged is nothing but the dollar amount which authenticated user is filling in form??
cysun Posts: 2935	Posted 20:12 Jan 25, 2013 \| Remember a project may have many sponsors. On the Project List page, the Amount Pledged is the total amount pledged to the project, i.e. it's the sum of the amount pledged by each sponsor. Percentage Funded is the percentage of the funding target reached so far. For example, if the funding target is $5000 and currently the total pledged amount is $1000, then Percentage Funded is 1000/5000=20%.

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shussain

Posts: 21

Posted 19:34 Jan 25, 2013 |

As its stated how to calculate Percentage Funded?? and for clarification isnt it The Amount Pledged is nothing but the dollar amount which authenticated user is filling in form??

cysun

Posts: 2935

Posted 20:12 Jan 25, 2013 |

Remember a project may have many sponsors.

On the Project List page, the Amount Pledged is the total amount pledged to the project, i.e. it's the sum of the amount pledged by each sponsor. Percentage Funded is the percentage of the funding target reached so far. For example, if the funding target is $5000 and currently the total pledged amount is $1000, then Percentage Funded is 1000/5000=20%.