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per gallon, the cost of all the ingredients in your stew is $2.76. you consistently sell 57 gallons of stew per week for $435.98 in total sales. what is your food cost percentage?

Sagot :

bharathparasad577

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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