Question

A chef tracks all of his spice factor items over a year and notices that the total value is $2,025. The total value of his food purchases was $80,750 over the same time period. What is the spice factor for this operation?

Answer 1

Answer: 2.51%

Step-by-step explanation:

From the question, we are informed that a chef tracks all of his spice factor items over a year and notices that the total value is $2,025 and that the total value of his food purchases was $80,750 over the same time period.

The spice factor is calculated as:

= the value of the spice factor items/ the value of total food bought

Spice Factor will now be:

= $2,025/$80,750

= 0.0251

= 2.51%