Question

69). If a restaurant's gross receipts for one day total $39.500, of which $5,600 are expenses that percent of the gross receipts are expenses?

Answer 1

Total receipts = $39,500

Expenses = $5,600

Percentage expenses =

`(5600)/(39500)*100=(5600*100)/(39500)=14.177\approx14.2\text{ \%}`
`\text{ \% expenses =}\frac{Actual\text{ expenses}}{\text{Total Receipts}}*(100)/(1)`

Solution: The percentage of expenses is 14.2%