Question

For the past week, your restaurant revenue was $28,675 and your food cost was $9,274. Calculate your gråss margi

percentage (revenue - food cost)lrevenue). Remember to round to the nearest percent.

a) 63%

b) 68%

C) 73%

d) 78%

Answer 1

Answer: b) 68%

Explanation:

Gross margin is used to calculate the amount left of revenue after the costs of goods sold is accounted for.

The formula is:

= (Revenue - Cost) / Revenue

= (28,675 - 9,274) / 28,675

= 0.67658

= 68%