A baseball team receives 310,000 in sponsorship equipment, and the administrative cost are expected to be $47,000. What are the cost as a percentage of sponsorship revenue?

The % of cost to revenue of sponsorship is 17.87%

Step-by-step explanation:

Given:

Amount for sponsorship = 310000$

Administrative cost=47,000$

To Find:

What are the cost as a percentage of sponsorship revenue.

Solution:

Administrative cost is expenses incurred to something to buy for a department.

It is losing amount to buy something.

Sponsorship is the support given to baseball team which 310000$

Total Cost after expenses will given by,

=Sponsorship - administrative cost

=310000-47000

=263000$

Sponsorship revenue is the cost given to third party after commission

So percentage of cost to sponsorship revenue

= (47000/263000) * 100

=17.87%

15%, after doing the math