Question

If the revenue for the week is $2000, and labor cost consist of two workers earning $8 per hour who works 40 hours each, whay is labor cost aa percentage of revenue?

Answer 1

two workers earning 8 bucks an hour for 40hrs, well, that means each worker is making 8*40 or 320 bucks, now, is two workers, so 320+320 or 640 is the total cost then.

now, the revenue, sales income, is 2,000 bucks, how much is 640 off of?

well, if we take 2000 to be the 100%, what is 640 in percentage off of it?


`\bf \begin{array}{ccllll} amount&\%\\ \text{\textemdash\textemdash\textemdash}&\text{\textemdash\textemdash\textemdash}\\ 2000&100\\ 640&x \end{array}\implies \cfrac{2000}{640}=\cfrac{100}{x}`

solve for "x".