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Advanced Placement (AP)Advanced Placement (AP)
14 September, 15:50

If environco has an annual television advertising budget of $8,000,000 and revenue of $138,000,000 what percentage of revenue is spent on advertising

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  1. 14 September, 19:08
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    The formula for finding the percentage of revenue that is spent on advertising will be:

    Percentage of revenue that is spent on advertising = Advertising Budget / Revenue x 100%

    Using the values, we get:

    Percentage of revenue that is spent on advertising = (8,000,000/138,000,000) x 100% = 5.80%

    This means 5.80% of revenue is spent on advertising
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