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A partial listing of monthly startup costs for a store includes $2,750 for rent, $479 for electricity, $217 for telephone and Internet service, $9,423 for employee salaries, $250 for cleaning service, and $100 for supplies. What percent of your monthly startup cost is rent?

Answer :

Answer:

I think it is 20.8%

Step-by-step explanation:

The percentage of rent in the monthly startup cost is 20.8%

What is percentage?

A part of a whole expressed in hundredths. In percentage we equate the total with hundred and find the sum.

The formula of percentage is (Y/X)×100 = P%, where "X" is total , "Y" is the individual number of which we want to find the percentage and "P" is the percentage value.

According to the formula,

X ⇒ $2,750 + $479 + $217 + $9,423 +  $250 + $100 = $13,219

Y = $2,750

P = (Y/X)×100

2750/13219 =0.20803

0.20803×100=20.80%

Thus the percentage of the rent in the total monthly startup cost is 20.80%

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