Question

An operation has experienced total sales of $85,000, beverage costs of $16,230, food costs of $30,167, labor costs of $22,158, rent of $4,000, and insurance of $1,000.

What is its prime cost as a percentage of total sales?
O 86.6%
19.3 %
O 13.4%
O 80.7%

Answer 1

Answer: 80.7%

Step-by-step explanation: COGS (beverage and food costs) = $68,555

$68,555 is 80.6529412% of $85,000 rounded to the nearest tenth is 80.7%