Question

If Johnson & Johnson

sold $12,949,847 of hand
lotion in 2009 and $3,150,367
of that money was spent by
mothers of children who are
Hispanic, what percentage of
Johnson & Johnson's profits
were due to mothers who are
Hispanic? Round to the nearest
tenth

Answer 1

To find the percentage of Johnson & Johnson's profits due to Hispanic mothers, divide the amount spent by Hispanic mothers by the total sales and multiply by 100. Approximately 24.3% of Johnson & Johnson's profits were due to Hispanic mothers.

Step-by-step explanation:

To find the percentage of Johnson & Johnson's profits due to mothers who are Hispanic, we need to divide the amount of money spent by Hispanic mothers by the total sales, and then multiply by 100 to get the percentage.

The amount of money spent by Hispanic mothers is $3,150,367.

The total sales is $12,949,847.

Now we can calculate the percentage:

Percentage = (Amount spent by Hispanic mothers / Total sales) x 100

Percentage = ($3,150,367 / $12,949,847) x 100

Percentage ≈ 24.3%