Question

Last month a manager's operation achieved $60,000 in food sales and$40,000 in beverage sales. the manger's cost of sales for food was $15,000 and cost of sales for beverages was $8,000. what was the manager's cost of sales percentage for food last month

Answer 1

To find the percentage of cost, we simply divide the amount made by selling food by the cost of buying the food:
15000/60000
We can simplify this:
15/60
Divide:
15/60=1/4, or 25%
The percentage of the cost of sales is 25%