A nursing facility has a gross income of $486,000, fixed expenses of $300,000, and variable expenses of $150,000. what is the approximate percentage of gross profit

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Business

Marilyn Burch

27 May, 16:43

A nursing facility has a gross income of $486,000, fixed expenses of $300,000, and variable expenses of $150,000. what is the approximate percentage of gross profit

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Roman · Answer 1

Based on the information provided:

Gross income is $486,000

Fixed expenses: $300,000

Variable expenses: $150,000

To find the percentage of gross profit first figure out the difference between the gross income and expenses which is: $486,000 - $300,000 - $150,000 = $36,000 then divide the gross income by the profit 486,000/36,000 and the answer is 13.5%.