Question

If the revenue for the week is $2000, and labor cost consists of two workers earning $8 per hour who work 40 hours each day, what is labor cost as a percentage of revenue?

Answer 1

Hi there
First find the labor cost
$8/h * 80h = $640
labor cost as a percentage of revenue
$640 / $2000 = .32×100=32%

Hope it helps