lilmissthang198915 lilmissthang198915
  • 11-12-2015
  • Mathematics
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revenue for the week is 2,000. Labor consits of two worker's. earning 8.00 per hour. who work 40 hours each. what is labor cost as a percentage of revenue.

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WorldCitizen WorldCitizen
  • 11-12-2015
so, two workers working 40 hours each, that's 80 hours of work. 8 dollars per hour in pay: 8*80=640; so 640 dollars were paid to the workers. 

the labor cost is [tex] \frac{640}{2000} *100[/tex]=[tex] \frac{64}{2} /tex]=32

so the labor cost is 32% of the revenue.
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