Last month a manager's food expense equaled $30,000. Labor expense for the month equaled $26,000, and other expenses equaled $12,000. Revenue for the month was $85,000. What was this manager's total expense percentage?

Question

Quizplus · Accepted Answer

Total expenses = Food expense + Labor expense + Other expenses = $30,000 + $26,000 + $12,000 = $68,000. Expense percentage = (Total expenses / Revenue) * 100 = ($68,000 / $85,000) * 100 = 80%.

Last Month a Manager's Food Expense Equaled $30,000