LorilaiF487765 LorilaiF487765

26-10-2022
Mathematics

contestada

If a restaurant's gross receipts for one week total $12,000, of which $8,000 is profit, what percent of the gross receipts is profit?

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AlyannahV47757 AlyannahV47757

26-10-2022

EXPLANATION

Let's see the facts:

Gross receipts = $12,000

Profit = $8,000

The percentage can be obtained by applying the following relationship:

[tex]\text{Profit\%}=\frac{profit}{\text{gross receipts}}\cdot100=\frac{8,000}{12,000}\cdot100=66.7\text{ \%}[/tex]

The answer is 66.7%

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