Question

If the Revenue for the week is $2000, and labor cost consists of two workers earning $8 per hour who work 40 hours each, what is labor cost as a percentage of Revenue?* 64% 16% 32% 50%

Answer 1

1 worker earns 8/hour for 40 hrs.8 times 40=320 dollars in amount for 1st worker.the 2nd worker has the same 8 hrs for 40 hours therefore the same amounts.320+320=640
as a percentage:640 divided by 2000=0.32
0.32 times 100
=32 percent for both workers.16 percent for only 1 worker<span />