Question

If it costs $35,000 to put on an event and total revenue is $90,000, what is the approximate profit as a percentage of revenue?

Answer 1

the approximate percentage as revenue percentage is 61.11%

Explanation:

The computation of the approximate percentage as revenue percentage is as follows:

As we know that

The profit is

= total revenue - total cost

= $90,000 - $35,000

= $55,000

Now the profit percentage is

= Profit ÷ Sales revenue × 100

= $55,000 ÷ $90,000 × 100

= 61.11%

Hence, the approximate percentage as revenue percentage is 61.11%

The same is to be considered