Question

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

Answer 1

Answer:

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

Explanation:

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

The total income or revenue was $3,700.

The percentage of the expenses to the revenue is:

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