Question

15. A foodservice had March sales of \( \$ 238,183 \) and the food cost for that period was \( \$ 78,157 \). What was the food cost percent for March?

Answer 1

To find the food cost percent for March with sales of $238,183 and food costs of $78,157, you divide the food costs by the sales and then multiply by 100, resulting in a food cost percent of approximately 32.80%.

Step-by-step explanation:

The student asked how to calculate the food cost percent for March for a food service with March sales of $238,183 and a food cost for that period of $78,157.

To compute the food cost percent, the formula to be used is:

Food Cost Percent = (Food Cost / Total Sales) × 100

Plugging in the numbers:

Food Cost Percent = ($78,157 / $238,183) × 100

This calculates to:

Food Cost Percent = 0.328004 × 100

Food Cost Percent = 32.8004%

So, the food cost percent for March is approximately 32.80%.