You are currently running a concession stand and have a goal of 35% food cost overall with packaging (because it is all to-go). Here are your costs for some of your top-selling items: Soft Pretzel: $11.00 per case of 20, Cheese/Mustard for the pretzel: $8.50 tub for 50 portions: $.06 for the pretzel paper/cup All-beef 1/5 lb. hot dog: $25.99 for a case of 50: $2.99 for a pack of 16 buns; $.10 for a packet of mustard & ketchup: $.07 for the tray Bottled water: $5.19 for a case of 40 Gatorade: $14.99 for a case of 24 Candy Bar: $26.95 for a case of 36 . . Answer the following: 1. What should the selling price be for each item? 2. If the following prices were Pretzel $3.00, Hot Dog $3.00, Gatorade $2.00, Water $1.00, and Candy $1.50 what would each food cost be? 3. Using the prices in #2, if someone came up and ordered one of each of these items, what would the food cost be overall? (Hint: do not average the different % but instead add up the costs and divide by the prices in #2). 4. You have a price increase, due to Covid, supply chain issues, and increased labor costs at the production facilities. The following costs increased: Pretzels are $12.50/case, hot dogs are $27.99 case, water is $5.89, and Gatorade is $16.99 (no change on candy). What happened to your overall food cost when someone comes up and orders one of each, and what does that mean to your overall profts? (Hint: you need to calculate the new costs first!)