Question 1
A manager uses a 2.5 markup system to price her menu items. The manager has a menu item that costs $3.10 to prepare. What will be the base selling price for that menu item?Question 2
A menu item has a food cost of 40%. The menu item sells for $19.95. What is the contribution margin for the item?Answer 1
$7.75Answer 2
$11.97