Question

If the revenue for the week is $2000 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

Answer 1

32%

Explanation:

One worker makes $8 per hour for 40 hours per week.

He earns 40 * $8 = $320.

Two workers earning the same salary earn a total of 2 * $320 = $640.

The total labor cost is $640.

The question we need to answer is: $640 is what percent of $2000?

To find the percent a part is of the whole, divide the part by the whole and multiply by 100.

$640/$2000 * 100 = 0.32 * 100% = 32%

Answer 2

32%

Explanation:

2x8

=16

16x40

=640

640/2000

=.32