How to calculate Food Cost Percentage (%) The formula for calculating food cost percentage is: Total food
Fantastic news! We've Found the answer you've been seeking!
Question:
How to calculate Food Cost Percentage (%)
- The formula for calculating food cost percentage is:
- Total food cost percentage = (total cost of goods sold / total revenue) x 100
- Example: Cost of goods sold $4,500 / Total Food Revenue $15,000
- $4,500/$15,000 = 0.30
- 0.30 x 100 = 30%
Calculate the Food Cost %
- Sales for the period are $2500.00
- Beginning inventory is $700.00
- Food purchases were $350.00
- Ending Inventory is $375.00
What is the food cost percentage?
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324597707
12th edition
Authors: Eugene F. Brigham, Joel F. Houston
Posted Date: