« previous next »

Author Question: List and explain different menu pricing formulas. What will be an ideal ... (Read 57 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?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s
Sample One-Day Menu Sample One-Day Menu
Compound Angle Formulas Compound Angle Formulas
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 ...
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Global list of Threatened Species Global list of Threatened Species
Video: Corpus Callosum Animation

For a complete list of videos, visit our video library