Section: Mathematical Reasoning

6)
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How many dollars were spent for Operating Expenses?

Explanation

There are 2 ways to do this now that we know the amount spent on labor.

First, 20% of the total expenses of $240,000 vent for labor:

0.20 x $240,000 = $48,000

OR


if you know that Labor is $96,000, and Operating Expenses is 1/2 of Labor, you could divide $96,000 / 2 = $48,000.


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