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

Question

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] · Answer 1 · 2021-12-01T14:06:25+03:00

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>