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Author Question: Calculate the selling price of a steak that has a raw food cost of 6.25 and a desired food cost ... (Read 129 times)

nramada

  • Hero Member
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  • Posts: 580
on: Aug 10, 2018
Calculate the selling price of a steak that has a raw food cost of 6.25 and a desired food cost percentage 30 percent.
 
  What will be an ideal response?

Question 2

Which of the following is true about using case studies?
 
  A) The actual solution is less important than the process the group went through in arriving at it.
  B) It uses the work area itself as a training environment.
  C) It may involve responding to a situation where the customer complains about the food.
  D) It is the most effective group training method.
  E) All of the above.


yuyiding

  • Sr. Member
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Reply #1 on: Aug 10, 2018
Answer to Question 1

(6.25/ 30 = 20.83

Answer to Question 2

A


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Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
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