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2. Calculate the minimum menu item price using the gross profit approach lAnnual revenue = $750,000 lAnnual cost of goods sold = 32% lStandard food

2. Calculate the minimum menu item price using the gross profit approach

lAnnual revenue = $750,000

lAnnual cost of goods sold = 32%

lStandard food cost per item = $5.50

lAnnual customer count = 235,250

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