Question

If whole onions are $2.00 per lb and have an EP of $0.74, and sliced onions are $4.00 per lb, what is the EP portion price of each?

Answer 1

The EP portion price of each sliced onion is $2.52.

Step-by-step explanation:

The EP portion price for whole onions is calculated as follows:

1. Subtract the EP from the selling price to find the profit per pound: $2.00 - $0.74 = $1.26.
2. Divide the profit per pound by the selling price: $1.26 / $2.00 = 0.63, or 63%.
3. Multiply the EP portion percentage by the selling price of sliced onions: 0.63 x $4.00 = $2.52.

Therefore, the EP portion price of each sliced onion is $2.52.