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WINSTONCH [101]
3 years ago
5

if environco has an annual television advertising budget of $8,000,000 and revenue of $138,000,000 what percentage of revenue is

spent on advertising
Advanced Placement (AP)
1 answer:
Natali [406]3 years ago
4 0
The formula for finding the <span>percentage of revenue that is spent on advertising will be:

</span>Percentage of revenue that is spent on advertising = Advertising Budget / Revenue x 100%

Using the values, we get:

Percentage of revenue that is spent on advertising = (8,000,000/138,000,000) x 100% = 5.80%

This means 5.80% of <span>revenue is spent on advertising</span>
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