Question
Restaurant Grille offers an exclusive steak dinner and believes that food costs will be approximately 25% of the selling price. The items that make up
Restaurant Grille offers an exclusive steak dinner and believes that food costs will be approximately 25% of the selling price. The items that make up the steak dinner are shown below with appropriate costs.
What should be the selling price for the steak dinner?
| Item | cost |
| steak | $7.93 |
| Potatoes | 0.39 |
| Vegetables | 0.52 |
| Spices | 0.07 |
| Sauce | 0.02 |
| Total Cost | $8.93 |
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Accounting for Non-Accounting Students
Authors: John R. Dyson
8th Edition
273722972, 978-0273722977
