In March, a restaurant achieved food sales of $750,000 and beverage sales of $150,000. The restaurant achieved
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In March, a restaurant achieved food sales of $750,000 and beverage sales of $150,000. The restaurant achieved a 33.33% food cost and a 20% beverage cost. What was the restaurant’s gross profit margin?
a. 68.9%
b. 72.9%
c. 76.9%
d. 64.9%
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Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
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