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Use the following scenario to answer questions 8 thru 1 0 TJ ' s Taco Shoppe is printing new menus. TJ is wants to evaluate
Use the following scenario to answer questions thru
TJs Taco Shoppe is printing new menus. TJ is wants to evaluate the difference in menu price between food cost percent pricing and contribution margin pricing.
The most popular selling entre on the menu has a food cost of $ TJs monthly cost of doing business is $ TJ earns a monthly profit of TJ serves an average of customers per month.
How much does each customer need to contribute monthly to cover the cost of doing business and the profit?
Using the answer from question what should the menu price be for the most popular selling entre at TJ
What is the equivalent food cost percent for the menu price in question
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