Calculate the Beverage Cost %, when Food Sales = $60,000. Beverage Sales $40,000. Cost of Food = $20,000. Cost of Beverage = $12,000. Labour Cost = $20,000. Other Expenses = $10,000.

1. 32 %

2. 30 %

3. 33.33 %

4. 16.7 %

5. NONE of the above answers are correct