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21 September, 00:12

If the revenue for the week is $2000 and the labor cost consists of two workers earning eight dollars per hour who work 40 hours each what is labor cost as a percentage of revenue

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  1. 21 September, 00:16
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    To find the cost of labor for one worker, you multiply the wage by the number of hours worked.

    40 * 8 = 320

    Because there are two workers, now you double it.

    320 * 2 = 640

    To find the percentage of the revenue that this is, you do the labor cost divided by the revenue.

    640 / 2000 = 0.32

    Move the decimal two places to the right to get the percentage.

    0.32 = 32%

    The labor cost is 32% of the revenue.
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