Percentage for utilities expense will be 8%.
As expense percentage for utilities = utility costs for the month /sales in a month *100
As sales in a month = $75,000
utility costs for the month = $6,000
So applying the formula
expense percentage for utilities = $6,000/$75,000*100 = 8%
So expense percentage for utilities is 8%.
Utilities expense is the cost which takes place by using utilities such as electricity, water, heating,waste disposal and sewage etc. The expenses takes place over the path of the reporting period, calculated, and payment is provided.
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