Question

The stadium incurs a number of costs to accommodate fans. If the stadium pays $14,000 for labor, $45,000 for leasing parking space, and $57,000 to provide busing to and from the parking areas, what are the percentage costs for labor, leasing, and busing as a percentage of total costs? (Round to the nearest percent.)

Answer 1

Labor= 12%
Parking= 39%
Busing= 49%

Answer 2

Percentage of amount paid for labor, parking space and busing are 12%, 39% and 49% respectively.

Explanation:

The stadium pays the amount for labor = $14000

Amount paid for leasing a parking space = $45000

and to provide busing to and from the parking space = $57000

Total amount paid = $14000 + $45000 + $57000

= $116000

Percentage of amount paid for labor =
`\frac{\text{Amount paid for labor}}{\text{Total amount paid}}* 100`

=
`(14000)/(116000)* 100`

=12.06

≈ 12%

Percentage of amount paid for parking space

=
`\frac{\text{Amount paid for parking space}}{\text{Total amount paid}}* 100`

=
`(45000)/(116000)* 100`

= 38.79%

≈ 39%

Percentage of amount paid for busing =
`\frac{\text{Amount paid for busing}}{\text{Total amount paid}}* 100`

=
`(57000)/(116000)* 100`

= 49.14%

≈ 49%