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Kamareon Kamareon
  • 10-05-2016
  • Mathematics
Answered

if the revenue for the week is $2,000 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

Verified Answer :

apologiabiology
apologiabiology apologiabiology
  • 11-05-2016

find labor cost
laborcost (if laborers worked equal hours)=number of laboreres times hours worked by each times cost per hour

laborcost=2408=640

640/revenue=640/2000=64/200=32/100=32%
32%

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