Question: A manager is using the ratio pricing method and determines that the ratio of food cost plus profit to food cost is 3 . 1
A manager is using the ratio pricing method and determines that the ratio of food cost plus profit to food cost is This means that:
A profit from the item should be approximately $
B food costs should be multiplied by to calculate the base selling price
C for each $ of revenue needed to cover food cost, an additional $ is needed for nonfood costs and profit
D $ should be added to the food cost to calculate the base selling price
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