Last month the income and expense statement shows the following information:

Income $267,326

Labor cost $147,029

Food cost $ 98,911

All other costs $ 21,386

Based on that information, how would you answer these four questions:

1. What is the labor cost percentage?

2. What is the food cost percentage?

3. What is the food cost factor?

4. What is the profit from this operation?

So far I got Food Cost 37 % Labor Cost 55%.... I am not sure if this is correct.