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Needed ASAP!!! Derived food cost percentage - food cost food cost percentage = selling price Pricing factor or Muthiplier 100% desired food cost percentage Selling
Needed ASAP!!!
Derived food cost percentage - food cost food cost percentage = selling price Pricing factor or Muthiplier 100% desired food cost percentage Selling Price = multiplier food cost Variabte cost pricing - food cost + mark-up pereentage = selling price Prime cost pricing - raw food cost + direct labour = prime cost Prime cost percentage = food cost percentage +% direct labour cost A. Sandy Green operates a fine dining restaurant in Morant Bay, offering a fusion of AfroCaribbean cuisine. One of her specialty dishes is Split Peas Soup. Help her to establish selling prices. Food cost=$46.58 Food cost percentage =.43 Required: i. Calculate the selling price for a serving of Split Peas Soup using the derived food cost percentage (2 marks) ii. Calculate the selling price using the variable cost pricing with a markup of 25% iii. Calculate the selling price using the pricing factor or multiplier (4 marks) (4 marks) FBEV23OS B. Sandy also wants to maximize profits on the famous Jerked Fish, helping her to arrive at the selling price using the following information. Food cost =$116.58 Food cost percentage =.54 Required: i. Calculate the selling price for a serving using the derived food cost percentage ii. Calculate the selling price using the variable cost pricing with marks) iii. Calculate the selling price using a pricing factor or mustipliers (4 mark) (4 marks)Step by Step Solution
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