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Anna35 [415]
3 years ago
7

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
Mathematics
2 answers:
Lerok [7]3 years ago
7 0
80 hours of total work =$640 divide that by the total revenue. to check take 2000 and multiply by .32% and you get 640 again.
Ira Lisetskai [31]3 years ago
6 0
Let's find out the cost of labor shall we...

$8 x 40 x 2 = $640

--------

Now let's answer your question...

($640)/($2000) = 0.32

---------

This means that the cost of labor would be equal to 32% of the revenue as 0.32 = 32/100.
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