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19 May, 09:25

I the revenue for the week is $2000, and labor cost consists of two workers earning $8 per hour who work 40 hours each, what is labor cost as a percentage of revenue?

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  1. 19 May, 09:42
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    Revenue = $2000

    Labour cost = 40 x 8 = $320

    Percentage = 320/2000 x 100 = 16%

    Answer: 16%
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