Business Math 2

Question

The Dinner Shoppe spends $23,850 monthly on supplies. If supplies represent 33 1/3% of total expenses, what are the annual total expenses to the nearest dollar?

Answer 1

33 1/3 % = 1/3

 

The supplies is 1/3 of the total expenses 'x'.

 

Supplies = (1/3)*x

23850 = x/3

 

x = $71550 <- monthly total expenses

 

For annual, you need to multiply by 12:

 

12*71550 = $858600

 

*nice tricky question. lol*