The stadium incurs a number of costs to accommodate fans. If the stadium pays $14,000 for labor, $45,000 for leasing parking space, and $57,000 to provide busing to and from the parking areas, what are the percentage costs for labor, leasing, and busing as a percentage of total costs? (Round to the nearest percent.)

Answer:

Percentage of amount paid for labor, parking space and busing are 12%, 39% and 49% respectively.

Step-by-step explanation:

The stadium pays the amount for labor = $14000

Amount paid for leasing a parking space = $45000

and to provide busing to and from the parking space = $57000

Total amount paid = $14000 + $45000 + $57000

                              = $116000

Percentage of amount paid for labor = [tex]\frac{\text{Amount paid for labor}}{\text{Total amount paid}}\times 100[/tex]

= [tex]\frac{14000}{116000}\times 100[/tex]

=12.06

≈ 12%

Percentage of amount paid for parking space

= [tex]\frac{\text{Amount paid for parking space}}{\text{Total amount paid}}\times 100[/tex]

= [tex]\frac{45000}{116000}\times 100[/tex]

= 38.79%

≈ 39%

Percentage of amount paid for busing = [tex]\frac{\text{Amount paid for busing}}{\text{Total amount paid}}\times 100[/tex]

= [tex]\frac{57000}{116000}\times 100[/tex]

= 49.14%

≈ 49%

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