Answered

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69). If a restaurant's gross receipts for one day total $39.500, of which $5,600 are expenses that percent of the gross receipts are expenses?

Sagot :

Total receipts = $39,500

Expenses = $5,600

Percentage expenses =

[tex]\frac{5600}{39500}\times100=\frac{5600\times100}{39500}=14.177\approx14.2\text{ \%}[/tex][tex]\text{ \% expenses =}\frac{Actual\text{ expenses}}{\text{Total Receipts}}\times\frac{100}{1}[/tex]

Solution: The percentage of expenses is 14.2%

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