Question

Using the food cost percent method, what should the sales price be for a dish with a food cost of $4.55 and a food cost percent of 31%? what should the sales price be if the restaurant wants to hit a food cost percent of 30%?

Answer 1

To find the sales price using the food cost percent method, divide the food cost by the food cost percent. For a food cost of $4.55 and a food cost percent of 31%, the sales price should be $14.68. If the restaurant wants to hit a food cost percent of 30%, the sales price should be $15.17.

Step-by-step explanation:

To find the sales price using the food cost percent method, divide the food cost by the food cost percent.

For example, if the food cost is $4.55 and the food cost percent is 31%, divide $4.55 by 0.31 (the decimal equivalent of 31%).

Sales price = $4.55 ÷ 0.31 = $14.68 (rounded to the nearest cent).

To find the sales price if the restaurant wants to hit a food cost percent of 30%, divide the food cost by 0.30.

For example, if the food cost is $4.55, divide $4.55 by 0.30.

Sales price = $4.55 ÷ 0.30 = $15.17 (rounded to the nearest cent).