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AP-13A LO 3 Nathan is the manager at Holland Restaurant, which specializes in Dutch cuisine. One of the main items on the menu is chicken
AP-13A LO 3 Nathan is the manager at Holland Restaurant, which specializes in Dutch cuisine. One of the main items on the menu is chicken croquettes, which includes a bun and salad. The following food costs relate to this meal. Ingredient Chicken croquettes Bun Cost per Portion $3.07 0.06 Salad 0.45 Total Cost $3.58 The demand for croquettes has been falling, and Nathan wonders if the price of $17.99 is too high. Required a) What is the food cost percentage at the current price of $17.99? 134 Pricing Methods Chapter 5 b) If Holland Restaurant has a target food cost percentage of 25%, how far could Nathan lower the price of the chicken croquettes and still remain within that target
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