If the revenue for the week is 2000, she's labor cost consists of two workers earning $8 per hour who work 40 hours each, what is labor cost as a percentage of revenue?

Question

Mathematics

Teresa Manning

10 February, 19:03

If the revenue for the week is 2000, she's labor cost consists of two workers earning $8 per hour who work 40 hours each, what is labor cost as a percentage of revenue?

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Answers (1)

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Kai Nolan · Answer 1

2 (workers) x $8 (per hour) x 40 hours a week = $640 labor expenses

640/2000 which reduces to 320/1000 or 32/100

The answer is 32%

(I could have reduced the fraction all the way and divided and I would have gotten. 32 which is 32% but using 320/1000 it was easy to drop a zero from both the numerator and denominator and get a fraction with a denoninator of 1000)