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Mike's Café in June has revenue receipts of $75,000.00. His cost of goods sold was $ 22,753. What is his food cost percentage for the month
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38 votes
38 votes
Mike's Café in June has revenue receipts of $75,000.00. His cost of goods

sold was $ 22,753. What is his food cost percentage for the month

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1 Answer

26 votes
26 votes

Answer: 30.3%

This is a simple division problem

First let's take our given value of $75,000

and our other value of $22,753

Now we must divide the $22,753 by $75000

22,753/75,000

=0.30337

Convert the decimal into a percentage

30.3%

User Yavor S
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