Find 1 by dividing by percentage found in previous step. To calculate the total expense ratio. Either addsubtract the percentage given in the problem from 100 to determine what percentage we have.
192307 - 150000 42307 Indirect costs.
Expense ratio is expressed in percentage. Find 100 original amount by multiplying your answer in step 2 by 100. You can analyze data for any period of time such as breaking it down daily monthly. Calculate your total sales in dollar amounts for the period.