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I 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 ?

I 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 ?
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I 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 ?

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User Kelly Larsen
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8.4k points

1 Answer

5 votes

Revenue = $2000


Labour cost = 40 x 8 = $320


Percentage = 320/2000 x 100 = 16%


Answer: 16%

answered
User Yevhenii
by
8.3k points
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