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Illusion [34]
3 years ago
11

$1500 for supplies to sell at a football game. Total receipts for the venue was $3,700. What were her expenses as a percentage o

f revenue for the game
Business
1 answer:
topjm [15]3 years ago
4 0

Answer:

        \large\boxed{\large\boxed{41\%}}

Explanation:

You need to assume that the total <em>expenses</em> were equal to the<em> cost of the supplies</em>, i.e. there were not other expenses but the<em> $1,500 for supplies to sell.</em>

The total income or revenue was <em>$3,700</em>.

The <em>percentage of the expenses to the revenue</em> is:

        Percentage=\dfrac{expenses}{revenue}\times 100\\\\\\ Percentage=\dfrac{\$1,500}{\$3,700}\times 100=40.5\%\approx41\%

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Suppose that you deposit $4,500 in your bank and the required reserve ratio is 18 percent. the maximum loan your bank can make a
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Suppose that you deposit $4,500 in your bank and the required reserve ratio is 18 percent. The maximum loan your bank can make as a direct result of your deposit is 3690.

<h3>What exactly is a bank loan and the required reserve ratio?</h3>
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