Question

Your food cost for last week was $605.13, and you made $1,218.45 in food sales last week. What is your food cost percentage, rounded to the nearest percentage point? a. 50% b. 5 c. 2 d. $613.32

Answer 1

The food cost percentage is calculated by dividing the total food cost ($605.13) by the total food sales ($1,218.45) and then multiplying by 100. The result is approximately 49.67%, which rounds to 50%. Therefore correct option is A

Step-by-step explanation:

To calculate the food cost percentage, we need to divide the total food cost by the total food sales and then multiply by 100 to get a percentage. Using the provided numbers:

1. Divide the food cost ($605.13) by the food sales ($1,218.45).
2. Multiply the result by 100 to convert it to a percentage.

So, the calculation would be ($605.13 / $1,218.45) × 100, which equals approximately 49.67%. When rounded to the nearest percentage point, the food cost percentage is 50%.

Therefore, the correct answer to the question is option a. 50%