Question

You have spent $4,000 on liquor for your bar. Your bar sales have been $24,000. What is your cost of sales for liquor, expressed as a percentage?

a. 12%

b. 15%

c. 17%

d. 19%

Answer 1

c.17%

Step-by-step explanation:

Answer 2

17%

Step-by-step explanation:

Given parameters:

Cost price of liquor = $4000

Total sale = $24000

Unknown:

Percentage cost of sale for liquor = ?

Solution:

To find the percentage cost of sale;

%Cost of sale of liquor =
`(cost price of liquor)/(Total cost of sale )` x 100

Input the variables;

%Cost of sale of liquor =
`(4000)/(24000)` x 100 = 16.67% = 17%