Question

If the labor costs were $1,500,000 last year and $1,300,000 this year, what percentage decrease was achieved? (Round to the nearest percent)

Answer 1

13%

Step-by-step explanation:

If the labor costs were $1,500,000 last year and $1,300,000 this year, what percentage decrease was achieved? (Round to the nearest percent)

labor costs were $1,500,000 and now $1,300,000.

the actual decrease is $1,500,000 - $,1,300,000= $200,000

the percentage decrease

=$200,000/$1,500,000 x 100

=0.1333 x 100

=13.33%