Question
In October 2022, food cost percentage in Maple Ridge Fun Fun Restaurant was 33.48%. Total Sales were $50,028.50. The Opening Inventory was $7,414.80, Purchases totaled
In October 2022, food cost percentage in Maple Ridge Fun Fun Restaurant was 33.48%. Total Sales were $50,028.50. The Opening Inventory was $7,414.80, Purchases totaled 17,642.80. Closing Inventory was 6,327.35. Beverages to Food transfers were 443.00, and the snacks sent to the bar accounted for $226.00. Employees' meals were $837.00.
Question: Based on this information, what were the potential savings in dollars and percentage? Show the full calculations, not just the final answers. Round all intermediary results and the final results to hundredths of decimal (.xx) unless they naturally round up to tenths (.x) or a whole number.
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