Ask Question
15 November, 04:42

A nursing facility has a gross income of $486,000, fixed expenses of $300,000, and variable expenses of $150,000. what is the approximate percentage of gross profit

+4
Answers (1)
  1. 15 November, 05:17
    0
    Based on the information provided:

    Gross income is $486,000

    Fixed expenses: $300,000

    Variable expenses: $150,000

    To find the percentage of gross profit first figure out the difference between the gross income and expenses which is: $486,000 - $300,000 - $150,000 = $36,000 then divide the gross income by the profit 486,000/36,000 and the answer is 13.5%.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A nursing facility has a gross income of $486,000, fixed expenses of $300,000, and variable expenses of $150,000. what is the approximate ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers