Question

your price for chicken parmesan is $11.99. your food cost for this item is $4.31. you change you menu prices to be 30% of food cost. by what percentage will the price of chicken parmesan increase?

Answer 1

The price of Chicken Parmesan will decrease by 89.24%

Step-by-step explanation:

To find the price increase percentage, we need to compare the new price to the original price. The original price of Chicken Parmesan was $11.99 and the new menu prices are 30% of the food cost. Therefore, the new price of Chicken Parmesan is $4.31 * 0.30 = $1.29. The price increase is $1.29 - $11.99 = -$10.70.

Since the price decrease is negative, we can find the percentage decrease by dividing the decrease by the original price and multiplying by 100. The percentage decrease is (-$10.70 / $11.99) * 100 = -89.24%.

Therefore, the price of Chicken Parmesan will decrease by 89.24%.