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If the revenue for the week is $2000 and the labor cost consists of two workers earning eight dollars per hour who work 40 hours each what is labor cost as a percentage of revenue

Carlton Burgess

in Mathematics

1 answer

1 answer

Rodney Fox on June 8, 2018

To find the cost of labor for a worker, multiplies the salary by the number of hours worked. 40 * 8 = 320Because there are two workers, now the double. 320 * 2 = 640To find the percentage of income that is, the cost of labor, divided by the income. 640 / 2000 = 0.32 to Move the decimal point two places to the right to get the percentage. 0.32 = 32%of The cost of labor is about 32% of the income.

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