Answered

Find expert answers and community insights on IDNLearn.com. Our platform is designed to provide trustworthy and thorough answers to any questions you may have.

Chef Amy does beginning inventory on Thursday night and finds that she has $4697 in food products in the restaurant
Throughout the week she purchases:
$668 produce
$2206 meat
$2488 dry goods
$3755 dairy
The following Thursday she does ending inventory and finds that she has $3518 in food.
She looks at her sales and finds that she made $30658 over the same 7 day period.
What is her food cost as a percentage of sales (her food cost percentage)? Please input your answer as a percentage (30%), instead of a decimal (0.3).

Sagot :

Francocanacariidn

Answer:

Her food cost as a percentage of sales is 33.58%.

Step-by-step explanation:

Since Chef Amy does beginning inventory on Thursday night and finds that she has $ 4697 in food products in the restaurant, and throughout the week she purchases:

$ 668 produces

$ 2206 meat

$ 2488 dry goods

$ 3755 dairy

The following Thursday she does ending inventory and finds that she has $ 3518 in food.

She looks at her sales de ella and finds that she made $ 30658 over the same 7 day period.

To determine what her food cost is as a percentage of sales (her food cost percentage), the following calculation must be performed:

4,697 + 668 + 2,206 + 2,488 + 3,755 = 13,814

13,814 - 3,518 = 10,296

30,658 = 100

10,296 = X

10,296 x 100 / 30,658 = X

1,029,600 / 30,658 = X

33.58 = X

Therefore, her food cost as a percentage of sales is 33.58%.

We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. For trustworthy answers, visit IDNLearn.com. Thank you for your visit, and see you next time for more reliable solutions.