FORMULAS:

SELLING PRICE $=$ COST $/$ TARGETED PERCENTAGE

CONTRIBUTION MARGIN $=$ SELLING PRICE $-$ PRODUCT COST

FOOD COST $=$ COST $/$ SELLING PRICE

Determine the selling price for these menu items:

Item Cost of Desired Product Selling Price

Product Cost Percentage

Chicken Breast Dinner $ $2\mathrm{.}2540\%5\mathrm{.}63$

Seafood Platter $ $3\mathrm{.}45$

Steak Dinner $ $4\mathrm{.}99$

Turkey Sandwich $ $1\mathrm{.}25$

Pork Chop $ $2\mathrm{.}45$

Hamburger $ $1\mathrm{.}50$

Determine the selling price for bottled wine using both methods:

Product Cost Cost $\%$ Selling Price

$

$6\mathrm{.}0025\%$

$

$9\mathrm{.}0025\%$

$

$18\mathrm{.}0025\%$

$

$26\mathrm{.}0025\%$

Product Cost Contribution

Margin Selling Price

$

$6\mathrm{.}00$ $ $14\mathrm{.}00$

$

$9\mathrm{.}00$ $ $16\mathrm{.}00$

$

$18\mathrm{.}00$ $ $18\mathrm{.}00$

$

$26\mathrm{.}00$ $ $20\mathrm{.}00$

Bill's Burger Barn Combo

A B C D E F

Item Number Item Cost Total Cost Selling Total Food Cost $\%$

Sold Price Sales

Hamburger $200$ $$1\mathrm{.}50300$ $$3\mathrm{.}4969843\%$

French Fries $($large$)1850\mathrm{.}41\mathrm{.}6$

Soft Drink $(16$ oz$.)1900\mathrm{.}21\mathrm{.}35$

Total

Bill's Bacon Cheeseburger Combo

Item Number Item Cost Total Cost Selling Total Food Cost $\%$ Item cost $/$ selling price

Sold Price Sales

Bacon Cheeseburger $160$ $$1\mathrm{.}65264$ $$4\mathrm{.}2968638\mathrm{.}50\%$

Onion Rings $1350\mathrm{.}31\mathrm{.}4$

Soft Drink $(16$ oz$.)1550\mathrm{.}21\mathrm{.}35$

Total

Bill's Chicken Sandwich Combo

Item Number Item Cost Total Cost Selling Total Food Cost $\%$

Sold Price Sales

Chicken Sandwich $75$ $$1\mathrm{.}10$ $$3\mathrm{.}15$

French Fries $($large$)750\mathrm{.}41\mathrm{.}6$

Soft Drink $(16$ oz$.)750\mathrm{.}21\mathrm{.}35$