Question

Your food costs are $2,500. Your total food sales are $17,500. What percent of your food sales do the food costs represent?

Answer 1

`(2500-:17500)xx100%=14.29%`

Explanation:

Your food costs are a fraction (or percentage) of total food sales. A fraction is represented as a part out of a whole. This phrase corresponds to a simple math formula

`color(white)(aaa)`Fraction: `"part"-:"whole"=("part")/("whole")`

A percent is a fraction multiplied by `100%`

`color(white)(aaa)`Percent: `"part"-:"whole"xx100%`

You were given the part, called "food costs": `$2,500`

You were also given the whole, called "total food sales": `$17,500`

Plugging the part and whole into the percent equation gives

ANSWER: `(2500-:17500)xx100%=14.29%`