Chef Amy does beginning inventory on Thursday night and finds that she has $4697 in food products in the restaurant Throughout the we

Question

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).

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Cherry 5 years 2021-08-06T02:15:53+00:00 1 Answers 177 views 0

Answers ( )

  1. dangkhoa
    0
    2021-08-06T02:17:46+00:00
    Reply

    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%.

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