Answer:
17%
Explanation:
Given parameters:
Cost price of liquor = $4000
Total sale = $24000
Unknown:
Percentage cost of sale for liquor = ?
Solution:
To find the percentage cost of sale;
%Cost of sale of liquor = [tex]\frac{cost price of liquor}{Total cost of sale }[/tex] x 100
Input the variables;
%Cost of sale of liquor = [tex]\frac{4000}{24000}[/tex] x 100 = 16.67% = 17%
