Question

Davinci Digital Media’s wholesale price to the retailer for a digital video camcorder is $1,399.99. Manufacturing costs include $360.00 for production wages and benefits. Production wages and benefits are what percent of the wholesale price to the retailer?

Answer 1

If you would like to know what percent of the wholesale price to the retailer are production wages and benefits, you can calculate this using the following steps:

x% of $1,399.99 is $360.00
x% * 1,399.99 = 360.00
x/100 * 1,399.99 = 360.00
x = 360.00 * 100 / 1,399.99
x = 25.71%

The correct result would be 25.71%.