QUESTIONS AND PROBLEMS I.Given the following information, calculate cost percent

Question

QUESTIONS AND PROBLEMS I.Given the following information, calculate cost percentages. Round your answers to the nearest tenth of a percent. a. Cost, $200.00; Sales, $500.00 b. Cost, $150.00; Sales, $500.00 c. Cost, $178.50; Sales, $700.00 d. Cost, $216.80; Sales, $800.00 e. Cost, $127.80; Sales, $450.00 f. Cost, $610.00; Sales, $2,000.00 2.) Calculate cost, given the following figures for cost percent and sales: a. Cost percent, 28.0%; Sales, $500.00 b. Cost percent, 34.5%; Sales, $2,400.00 C. Cost percent, 24.8%; Sales, $225.00 d. Cost percent, 31.6%; Sales, $1,065.00 e. Cost percent, 29.7%; Sales, $790.00 f. Cost percent, 21.2%; Sales, $4,100.00 3, Calculate sales, given the following figures for cost percent and cost a. Cost percent, 30.0%; Cost, $90.00 b. Cost percent, 25.0%; Cost, $500.00

Explanation / Answer

1.

Cost Percentage = (cost/sales)*100

A.

Cost Percentage = (200/500)*100 = 40%

B.

Cost Percentage = (150/500)*100 = 30%

C.

Cost Percentage = (178.5/700)*100 = 25.5%

D.

Cost Percentage = (216.8/800)*100 = 27.1%

E.

Cost Percentage = (127.8/450)*100 = 28.4%

F.

Cost Percentage = (610/2000)*100 = 30.5%

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