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).

Question

01-07-2021
Mathematics

Answered

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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 :

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francocanacari francocanacari · Answer 1 · 2021-07-03T20:58:46-04:00

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%.

Sagot :

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