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

1 Answer
Jun 3, 2017

Answer:

#(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%#