Question

If a restaurant's gross receipts for one week total $150,595, and 26 percent of that amount is for labor, 37 percent for food cost, and 15 percent for miscellaneous items, how much is the profit?

Answer 1

The gross receipt is, $150595.

26% is for labor, that is, we have,

`labor\cos t=(26)/(100)*150595=39154.7`

37% is for food cost, that is we have,

`\text{food cost =}(37)/(100)*150595=55720.15`

15 percent for miscellaneous items. we have,

`\text{random}=(15)/(100)*150595=22589.25`

Therefore, the total cost is,

`total=39154.7+55720.15+22589.25=117464.1`

Thus, the profit is,

`150595-117464.1=33130.9`