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
Mathematics · High School · Mon Jan 18 2021
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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
given that:- revenue for the week= $2000
cost of one labor for 40 hours= 8*40
=$320
cost of two labor= 320*2
=$640
percent of labor cost over revenue for the week:-
(640/2000)*100= 32%