Using the Following Information from a Cafeteria, Answer Questions $\begin{array}{ll}\text { Meals sold: } & 1722 \\ \text { Sales average: } & \$ 2.50 \text { each } \\ \text { Labor costs: } & \$ 1000\end{array}$

Using the following information from a cafeteria, answer questions
$\begin{array}{ll}\text { Meals sold: } & 1722 \\ \text { Sales average: } & \$ 2.50 \text { each } \\ \text { Labor costs: } & \$ 1000\end{array}$
-Calculate the labor cost percent of total revenue.

A) 2.3%
B) 1.23%
C) 12.3%
D) 23%

Correct Answer:

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