Question
You make and sell purses. The cloth costs \( \$ 271.56 \) a month. The cost of all your materials is \( \$ 606 \) a month. What percentage of your cost is the cloth? (Round to the nearest whole percentage. Do not include the \% symbol in your answer.)
Ask by Lambert Beck. in Nigeria
Jan 12,2025
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Tutor-Verified Answer
Answer
45%
Solution
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Bonus Knowledge
To find the percentage of the total cost that is attributed to cloth, you need to first determine the total monthly cost. Total monthly cost = \( \$ 606 \) Then, divide the cost of the cloth by the total monthly cost and multiply by 100 to convert it to a percentage: \[ \text{Percentage of cloth cost} = \left( \frac{\$ 271.56}{\$ 606} \right) \times 100 \approx 44.83 \] Rounding to the nearest whole percentage gives you: 45