A baseball team receives 310,000 in sponsorship equipment, and the administrative cost are expected to be $47,000. What are the

Question

2 years ago

13

cost as a percentage of sponsorship revenue?

2 answers:

BartSMP [9] · Answer 1 · 2023-11-14T08:18:10+03:00

Answer:

The % of cost to revenue of sponsorship is 17.87%

Step-by-step explanation:

Given:

Amount for sponsorship =310000$

Administrative cost=47,000$

To Find:

What are the cost as a percentage of sponsorship revenue.

Solution:

Administrative cost is expenses incurred to something to buy for a department.

It is losing amount to buy something.

Sponsorship is the support given to baseball team which 310000$

Total Cost after expenses will given by ,

=Sponsorship -administrative cost

=310000-47000

=263000$

Sponsorship revenue is the cost given to third party after commission

So percentage of cost to sponsorship revenue

=(47000/263000)*100

=17.87%

beks73 [17] · Answer 2 · 2023-11-14T09:55:10+03:00

beks73 [17]2 years ago

3 0

Answer:

15%, after doing the math