Question
Starlight Restaurant is trying to decide a new operational and advertising strategy based on a pricing associated with its lunch menu items. The management of
Starlight Restaurant is trying to decide a new operational and advertising strategy based on a pricing associated with its lunch menu items. The management of the Starlight has just acquired some operational data from the past period. The data for the selling price, sales volume, and individual food cost dollar amounts are presented in the table below:
Lunch Menu Item
Selling Price ($)
Food Cost ($)
Sales Volume
Bagonti Chicken
$17.80
$6.10
115
Octopus Marienere
$21.60
$11.00
85
Zilfand Biftako
$13.45
$8.50
100
Gersenkirch Salad
$11.40
$5.20
190
TOTAL
490
Using the above information, Based on the information given in the table above, classify each menu item based on their profitability and popularity results for Lai Lai RESPECTIVELY.
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