A Font Alignment 5 X fx B Chapter 1, Question 7 C E F G Sam Guild operates a dining room reserved for doctors in a large hospital in the Northeast. Sam's boss has given Sam a target of 33% food cost but has indicated that the target may be adjusted. Currently the doctors' meals sell for $16.00. Sam knows he currently can spend $5.33 for the food required to produce each meal. Fill out the chart below to help Sam find out how much he will be able to spend on each meal at various food cost percent levels if his boss adjusts his target. Meal Selling Amount That Can Be Price Food Cost % Spent for Food $16.00 20% $16.00 25% $16.00 30% $16.00 33% $5.28 $16.00 35% $16.00 40% How will the doctors' meals likely be affected if the target cost percentage is reduced? ANSWER: