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Author Question: A restaurant uses the food cost percentage method for determining prices and wants their food cost ... (Read 231 times)

maegan_martin

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Question 1

A restaurant uses the factor method for pricing their menu items and they desire a food cost close to 25%. The factor they would use is
◦ 4
◦ 3
◦ 3.33
◦ 4.5

Question 2

A restaurant uses the food cost percentage method for determining prices and wants their food cost to be 35%. What would be the food cost for an item listed on the menu at $14.50?
◦ $4.67
◦ $5.07
◦ $41.43
◦ $43.50


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Marked as best answer by maegan_martin on Aug 20, 2020

SomethingSomething

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maegan_martin

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Reply 2 on: Aug 20, 2020
Thanks for the timely response, appreciate it


Bigfoot1984

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Reply 3 on: Yesterday
Wow, this really help

 

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