Using the Ingredient Mark-Up Approach to Pricing, what should be the price of the chicken dinner, when

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Using the Ingredient Mark-Up Approach to Pricing, what should be the price of the chicken dinner, when the multiple is 4?

Ingredient Cost

Chicken - 2 pieces $ 0.89

Baked potato w. sour cream $ 0.29

Roll and Butter $ 0.11

Vegetable $ 0.19

Salad w. Dressing $ 0.50

Coffee - refills free $ 0.15

Total Cost $ 2.13

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

Posted Date: Feb 03, 2024 12:20 AM

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Using the Ingredient Mark-Up Approach to Pricing, what should be the price of the chicken dinner, when

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The Ingredient MarkUp Approach involves determining the selling price by adding a ma... View the full answer

Intermediate Accounting

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