Question

If your food cost is 2.50 and you sell it for 5.00 what is your food cost percentage

Answer 1

To find the food cost percentage, we can follow the formula:

Food Cost Percentage = (food cost / selling price) • 100

Now to plug in our values:

(2.50 / 5.00) • 100 = 0.5% • 100 = 50%

Hence, the food cost percentage is 50%.