The gross profits for January at Tower Center for the five departments were: Appliance Department, $20,000
Automotive Department, $10,000
Clothing Department, $55,000
Grocery Department, $265,000
Nursery Department, $10,000
Change each of the profit amounts to a percentage, rounded to the nearest tenth of a percent.
A) Appliances: 5.6% Automotive: 2.8%
Clothing: 15.3%
Grocery: 2.8%
Nursery: 73.6%
B) Appliances: 94.4% Automotive: 97.2%
Clothing: 84.7%
Grocery: 26.4%
Nursery: 97.2%
C) Appliances: 2.8% Automotive: 5.6%
Clothing: 15.3%
Grocery: 73.6%
Nursery: 2.8%
D) Appliances: 20,000 Automotive: 10,000
Clothing: 55,000
Grocery: 265,000
Nursery: 10,000
E) Appliances: 5.6% Automotive: 2.8%
Clothing: 15.3%
Grocery: 73.6%
Nursery: 2.8%

Question

Quizplus · Accepted Answer

To find the percentage of each department's profit relative to the total profit, first calculate the total profit: $20,000 + $10,000 + $55,000 + $265,000 + $10,000 = $360,000. Then, for each department, divide its profit by the total profit and multiply by 100 to get the percentage. For example, for the Appliance Department: ($20,000 / $360,000) * 100 = 5.6%. Following this method for each department gives the percentages listed in option E.

The Gross Profits for January at Tower Center for the Five