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The cost percentage is 3.61 %.
A cost is the worth of money that has been expended in the production or delivery of a good or service and is therefore no longer accessible for use in accounting, retail, research, or accounting.
A percentage is calculated by dividing a value or a number by its sum, then multiplying the result by 100. The percentage calculation formula is ( value / total value) × 100%.
The cost of all ingredients mixed in the stew is $2.76.
The total sales is $435.98.
57 gallons of stew are sold per week.
Therefore, the total sales per week is
= $2.76 × 57 = $157.32
Hence, the cost percentage of food is:
= ( 2.76 × 57 ) / 435.98
= 157.32 / 435.98
= 0.361
= 3.61 %
The cost percentage of the food is 3.61 %.
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