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

(2500÷17500)×100%=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

aaaFraction: part÷whole=partwhole

A percent is a fraction multiplied by 100%

aaaPercent: part÷whole×100%

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)×100%=14.29%