budget comparison\nwhat percentage of each businesss total expenses go to long - term investments? round…

budget comparison\nwhat percentage of each businesss total expenses go to long - term investments? round your answers to the nearest tenth of a percent and put your answers in the boxes.\n% of the retail stores expenses are for long - term investments.\n% of the tech start - ups expenses are for long - term investments.\n% of the artists expenses are for long - term investments.

budget comparison\nwhat percentage of each businesss total expenses go to long - term investments? round your answers to the nearest tenth of a percent and put your answers in the boxes.\n% of the retail stores expenses are for long - term investments.\n% of the tech start - ups expenses are for long - term investments.\n% of the artists expenses are for long - term investments.

Answer

Explanation:

Step1: Calculate percentage for retail store

The retail - store's total expenses are $3,750,000$ and long - term investments are $450,000$. The formula for percentage is $\text{Percentage}=\frac{\text{Long - term investments}}{\text{Total expenses}}\times100$. So, $\text{Percentage}=\frac{450000}{3750000}\times100 = 12.0%$.

Step2: Calculate percentage for tech start - up

The tech start - up's total expenses are $3,400,000$ and long - term investments are $500,000$. Using the percentage formula $\text{Percentage}=\frac{\text{Long - term investments}}{\text{Total expenses}}\times100$, we get $\text{Percentage}=\frac{500000}{3400000}\times100\approx14.7%$.

Step3: Calculate percentage for artist

The artist's total expenses are $12,000$ and long - term investments are $1,000$. Using the percentage formula $\text{Percentage}=\frac{\text{Long - term investments}}{\text{Total expenses}}\times100$, we have $\text{Percentage}=\frac{1000}{12000}\times100\approx8.3%$.

Answer:

Retail store: 12.0% Tech start - up: 14.7% Artist: 8.3%