Question

20) A company made $4500 in profit and reserved $90 for training staff. What percentage of the profit, does the company reserve for training?

Answer 1

Answer:

2%

Step-by-step explanation:

the amount reserved in % is ($90÷$4500)×100=2%

so the $90 since is the amount you need to divide by the actual profits

and multiply by 100 for you to get the amount in %

Answer 2

The percentage of the profit the company reserve for training is 2%

Ratio and percentages

Given the following information;

• Profit made by company = $4500
• Amount reserved for training staff = $90

Required

Percentage of profit used in training staff

Percentage = 90/4500 * 100

Percentage = 90/45

Percentage = 2%

Hence the percentage of the profit the company reserve for training is 2%

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