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Last month a company had receipts totaling 3700 dollars the company had overhead costs of 444 dollars what is the rate of overhead?
Wiki User
∙ 14y ago
If you asked this, you are probably "math-challenged" so try this technique.... To make this question easier to figure out, substitute 100 for the big number and 1 for the small number. (for example: If receipts were 100 dollars, and overhead was 1 dollar what was overhead rate? the answer would be 1% which is the answer to "what is 1 divided by 100") then it will be easy to set up the real math problem as "what is 444 divided by 3700?" By putting the 444 back into the place of the $1 & the 3700 into the place of the $100. $444/3700 = 12% (12/100 & 0.12 are two other ways to write 12%) So the overhead rate is 12% of receipts. Check the math: 12% of receipts "means" 0.12 times the total receipts.. 0.12 x 3700 = 444 Check if it makes sense: Yes, it makes sense that the overhead would be a small percentage of the total receipts.
Wiki User
∙ 14y ago
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