Question: Jake Hess desires your assistance on pricing menu items using the ingredient markup approach. The ingredient costs of a steak dinner are as follows: (5

  1. Jake Hess desires your assistance on pricing menu items using the ingredient markup approach. The ingredient costs of a steak dinner are as follows: (5 points)
    1. Assume a 25% food cost is desired. What should be the price of a steak dinner? (3 points)
    2. Assume a multiple of six; what is the target price of the steak dinner if the prime ingredient approach is used? (2 points)
Steak (main ingredient) $7.50
Potato $0.75
Peas $0.65
Mushroom Sauce $0.75
Steamed Vegetable $1.68
Salt Table $0.01

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