Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Practice Menu Mark-up Directions Use the information on the menu below to calculate answers to the math questions that follow. Salads-Served with crackers Garden

image
image

Practice Menu Mark-up Directions Use the information on the menu below to calculate answers to the math questions that follow. Salads-Served with crackers Garden Salad Cobb Salad Taco Salad Side Salad Side Orders Onion Rings Soup of the Day Ice Cream Bar The Quick Stop Menu $4.95 $5.95 $5.95 $2.95 $1.25 $2.00 $2.25 $2.00 N N Sandwiches-Served with French fries $5.25 $5.75 $6.25 $4.75 Turkey Sandwich Tuna Salad Sandwich Ham and Cheese Sandwich Grilled Cheese Sandwich Beverages Soda Coffee or Tea Milk $1.00 $1.25 $1.50 Fresh Fruit Orange Juice $1.50 1. Jeralyn orders a ham and cheese sandwich, onion rings, and milk. She has a coupon for a 10% discount that she cut out of the newspaper. If the tax is 6.5%, what will be Jeralyn's total bill? 2. Mrs. Pearson wants to treat her daughter and her four friends to ice cream bars. If she gives the counter server $13.00 and tells her to "keep the change," how much change will the server get? (Include 6.5% tax in the price of the ice cream bars.) 3. Lacey orders a grilled cheese sandwich with fresh fruit and a soda. Kris orders a taco salad and milk. Whose meal costs more? 4. The manager of The Quick Stop opens the snack shop at 11:00 a.m. on Friday. Immediately, she notices that the freezer is not running-it is broken. There were two unopened cases of ice cream bars in the freezer that melted and must be thrown away. a) If there are 24 bars in a case, what is the revenue loss of the ruined ice cream bars? b) If the purchase price for each case of ice cream bars is $15.50, what is the dollar value of the inventory that was lost? c) What is the food cost per ice cream bar? d) What is the food cost percentage for an ice cream bar? e) If The Quick Stop used a straight three-fourths mark-up pricing method, what would be the price for one ice cream bar?

Step by Step Solution

3.44 Rating (157 Votes )

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting IFRS

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

3rd edition

1119372933, 978-1119372936

More Books

Students also viewed these Accounting questions

Question

What are closing entries and why are they necessary?

Answered: 1 week ago