Question

A football team receives $258,000 in sponsorship for equipment, and the administrative costs are expected to be $27,000. What are the costs as a percentage of sponsorship revenue? (Round to the nearest percent.)

Answer 1

Answer

Costs is 10.5% of sponsorship revenue .

Explanation :

Formula

$Perceantge = \frac{Part\ value\times 100}{Total\ value}$

As given

A football team receives $258,000 in sponsorship for equipment, and the administrative costs are expected to be $27,000.

Here

Part value = $27000

Total value = $258000

Putting values in the above

$Perceantge = \frac{27000\times 100}{258000}$

$Perceantge = \frac{2700000}{258000}$

                           = 10.5 % (Approx)

Therefore the the costs is 10.5% of sponsorship revenue .

Answer 2

10.5% is the answer. Hope this helped.