Out of a total of 100%, 23% is profit. Thus,
100 - 23 = 77% is cost (expenses).
We need to find 77% of 35,090 to find the amount of expenses.
First, let's convert 77% to decimal:
77/100 = 0.77
Now, let's multiply with the gross receipts to get our answer:
35,090 * 0.77 = $27,019.30
Correct Answer
$27,019.30