PROFIT AND LOSS PROBLEM

SALES $ ________________ Total

-COST OF FOOD $5800.00

Use food cost method of .30 ________+

-COST OF ALCOHOL (BEER, WINE, LIQUOR) $3200.00

Use profit desired of .60 ____________+

-COST OF WASH $400.00

Use mark up of .50_________________+

GROSS MARGIN $_________________

EXPENSES:

LABOR $5400.00

RENT 5% OF SALES $_____

LAUNDRY $875.00

RENTALS $900.00

PRINTING $450.00

DECORATIONS (ICE CARVINGS) $375.00

FLOWERS $400.00

UTILITIES 3% OF SALES $________

EMPLOYEE MEALS $375.00

S.SECURITY CONTRIBUTION 2% OF SALES $_________

TAXES AND INSURANCE 1.5% OF SALES $______

MISC. EXPENSES $475.00

TOTAL OPERATING EXPENSES $________________

NET PROFIT $________________