Question

Calculate the beverage cost price: Food sales $60,000 Number Food and Beverage Covers 12,000 Beverage Sales $80,000 Cost of Beverages Sold $20,000

1) 15%
2) 20%
3) 25%
4) 33%

Answer 1

To calculate the beverage cost percentage, divide the Cost of Beverages Sold by the Beverage Sales and multiply by 100. In this case, it is $20,000 divided by $80,000, times 100, which equals 25%.

Step-by-step explanation:

To calculate the beverage cost percentage, we use the cost of beverages sold and the total beverage sales. The formula for the beverage cost percentage is:

Cost of Beverages Sold / Beverage Sales × 100 = Beverage Cost Percentage

Given that:

• Cost of Beverages Sold = $20,000
• Beverage Sales = $80,000

We can compute the beverage cost percentage as follows:

$20,000 / $80,000 × 100 = 25%

Therefore, the beverage cost percentage is 25%.