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QuestionFind the food cost percentage for the month given costs of \$13,500 and sales of \$41,411.

Studdy Solution

STEP 1

Assumptions1. The food cost for the month is \$13,500. The food sales for the month are \$41,4113. The food cost percent is calculated as the ratio of the food cost to the food sales

STEP 2

We need to find the food cost percent for the month. This is calculated by dividing the food cost by the food sales and then multiplying by100 to convert it to a percentage.
Food cost percent=(Food costFood sales)×100%Food\, cost\, percent = \left(\frac{Food\, cost}{Food\, sales}\right) \times100\%

STEP 3

Now, plug in the given values for the food cost and food sales to calculate the food cost percent.
Food cost percent=($13,500$41,411)×100%Food\, cost\, percent = \left(\frac{\$13,500}{\$41,411}\right) \times100\%

STEP 4

Calculate the food cost percent.
Food cost percent=($13,500$41,411)×100%≈32.6%Food\, cost\, percent = \left(\frac{\$13,500}{\$41,411}\right) \times100\% \approx32.6\%The food cost percent for the month is approximately32.6%.

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