« previous next »

Author Question: List and explain different menu pricing formulas. What will be an ideal ... (Read 53 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
on: Aug 10, 2018
List and explain different menu pricing formulas.
 
  What will be an ideal response?

Question 2

What are the names of Italy's two largest islands?
 
  A) Malta and Madeira
 
  B) Corsica and Atlantis
 
  C) Sicily and Sardinia
 
  D) Marsala and Crete


InfiniteSteez

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Aug 10, 2018
Answer to Question 1

Establishments use a variety of methods to calculate markup and determine selling prices. The factor method, also known as the food cost percentage method, is a popular formula used to determine menu prices based simply on the standard food cost percentage. The contribution margin (CM) method calculates what is left over after the product cost of a menu item is subtracted from the menu selling price. That amount is what each item contributes to paying for labor and other expenses and providing a profit. The ratio pricing method considers the relationship between all expenses and profit, whereas the prime cost method calculates labor costs involved in food preparation, as well as food cost.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

An example of a medical history sheet to list patient problems. An example of a medical history sheet to list patient problems.
the list provided the list provided
Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ... Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ...
Please explain the different Rf values for xanthophyll’s in paper chromatography compared to ... Please explain the different Rf values for xanthophyll’s in paper chromatography compared to ...
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Explain the myogenic autoregulation of the glomerular filtration rate Explain the myogenic autoregulation of the glomerular filtration rate
Video: Stomach peristalsis - Movement of Food Through the Small Intestine

For a complete list of videos, visit our video library