Afootball team receives $258,000 in sponsorship for equipment, and the administrative costs are expected to be $27,000. what are the costs as a percentage of sponsorship revenue? (round to the nearest percent.)

Answer

Costs is 10.5% of sponsorship revenue .

Explanation :

Formula

As given

A football team receives $258,000 in sponsorship for equipment, and the administrative costs are expected to be $27,000.

Here

Part value = $27000

Total value = $258000

Putting values in the above

                           = 10.5 % (Approx)

Therefore the the costs is 10.5% of sponsorship revenue .

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