What percentage of total COS is attributed to venue and location costs?

• A. 50%
• B. 60%
• C. 67.5%
• D. 75%

Answer: (C)

To find what percentage of total COS is attributed to venue and location costs, you treat it as a share of the whole. Take the amount spent on venue and location and divide it by the total COS, then multiply by 100. This gives the portion of COS that those costs represent.

For example, if venue and location costs are 675 and the total COS is 1000, you get 675 ÷ 1000 × 100 = 67.5%. That means venue and location costs make up two-thirds of the total COS, with the remaining one-third covering all other costs.

The other percentages would require different absolute amounts for the venue costs (e.g., 50% would need 500 in a 1000 total, 60% would need 600, 75% would need 750). The 67.5% result corresponds to that two-thirds share.