Which of these equations could you have used to calculate the menu price for the items in Table 1 of Benji's Bistro?

a) Menu Item Cost x (1 - Required Contribution Margin)

b) Menu Item Cost x Required Contribution Margin

c) (Required Contribution Margin) / (1 - Menu Item Cost)

d) (Menu Item Cost) / (1 - Required Contribution Margin)

CategoryItemNum Margir COGSSales Price Menu Item Name French Onion Soup DumplingsApptizer Steak Tartare Roasted Shrimp Appetizer 13.00 26.00 9.00 5.00 6.00 9.00 9.00 12.00 1 0.75 $ 3.11 S 2 0.75 6.46 S 0.75 S 2.11 S 40.75 1.15$ Appetizer Appetizer Appetizer Appetizer Soup Soup 5 0.75 $ 136 Olive Bread Lobster Bisque California Chili 6 0.85 $ 128 S 70.85 $ 1.32 S 0.8 $ 2.28 $ Cobb Salad alaa

Question

Which of these equations could you have used to calculate the menu price for the items in Table 1 of Benji's Bistro?

a) Menu Item Cost x (1 - Required Contribution Margin)

b) Menu Item Cost x Required Contribution Margin

c) (Required Contribution Margin) / (1 - Menu Item Cost)

d) (Menu Item Cost) / (1 - Required Contribution Margin)

image text in transcribed

CategoryItemNum Margir COGSSales Price Menu Item Name French Onion Soup DumplingsApptizer Steak Tartare Roasted Shrimp Appetizer 13.00 26.00 9.00 5.00 6.00 9.00 9.00 12.00 1 0.75 $ 3.11 S 2 0.75 6.46 S 0.75 S 2.11 S 40.75 1.15$ Appetizer Appetizer Appetizer Appetizer Soup Soup 5 0.75 $ 136 Olive Bread Lobster Bisque California Chili 6 0.85 $ 128 S 70.85 $ 1.32 S 0.8 $ 2.28 $ Cobb Salad alaa

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Question

Which of these equations could you have used to calculate the menu price for the items in Table 1 of Benji's Bistro? a) Menu Item

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