PROFIT AND LOSS STATEMENT

Given: Total Seats 50 Total turns 2

ASSUMPTIONS: Average check: $41.65

Beverage check: $8.33

Food cost 29% Beverage cost 19% Labor cost 28% Operating Expenses 28%

Occupancy Costs 9%

What are total weekly sales?

What is the SALES MIX as a percentage?

What is food cost as a dollar amount? Remember, you must find food sales first.

What is beverage cost as a dollar amount? Remember, you must find beverage sales first.

What is the cost of goods sold as a percentage?

What is the gross profit as a dollar amount?

What is the gross profit as a percentage?

What is labor cost as a dollar amount?

What are direct operating expenses in dollars?

What are occupancy costs in dollars?

What is the profit in dollars?

What is the Net Profit?