A restaurant posts the following numbers for their summer quarter, 2008. Total Sales 78,750.00 Opening Inventory 8.325.00 Total Purchases 28,225.00 Closing Inventory 5239.00 What is the food cost percentage during this time period? (round to nearest .00)
| Beginning inventory | 8325 | |||
| Add: Purchase | 28225 | |||
| Total | 36550 | |||
| Less: Ending inventory | 5239 | |||
| Cost of Food | 31311 | |||
| Divide: Sales revenue | 78750 | |||
| % of Cost of foods | 39.76% | |||
| Answer is 39.76% | ||||
A restaurant posts the following numbers for their summer quarter, 2008. Total Sales 78,750.00 Opening Inventory...