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Finances Accounting plays an important role in any business. Why do you think it is important for a business to keep track of its expenses?

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Lesson Objective Calculate the percent that a particular business expense is of the total expenses.

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Molded Plastic Products manufactures plastic buckets, containers, and other products. Records of Molded Plastics expenses for the first quarter of the year show the following: Example 1

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What percent of total expenses did Molded Plastic spend on advertising during the quarter? Example 1 (cont.)

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Step: Find the percent of the total. Particular Expense ÷ Total Expenses $8,557.65 ÷ $609,200.00 = 0.01404 or 1.40% Example 1 Answer

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Particular expenses: Electricity $190 Water $ 34 Natural gas $245 Telephone $218 Telephone is what percentage of the total expenses? Practice 1

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31.7 percent Practice 1 Answer

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Particular expenses: Electricity$150 Water$ 80 Natural gas$208 Telephone$212 Water is what percentage of the total expenses? Practice 2

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12.3 percent Practice 2 Answer

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