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tnmike987 tnmike987
  • 11-03-2016
  • Mathematics
Answered

If the revenue for the week is $2000, and labor consists of two workers earning $8.00 per hourwho worked 40 each, what is labor cost as a percentage of revenue?

Verified Answer :

goose3221 goose3221
  • 11-03-2016

Labor costs of the workers at $8 per hour working 40 hours each=$640
Revenue for the week=$2000
therefore labor cost as a percentage of revenue would be=32%

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