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You determine the following information about a local bar: Cost per liquor quart $4.48 Quart has 32 ounces (1 ounces per drink) Sales tax per
You determine the following information about a local bar:
Cost per liquor quart $4.48
Quart has 32 ounces (1 ounces per drink)
Sales tax per bottle 1.97
Total purchase of Quarts $5,000
Determine the pouring cost percent. (Use the Internet to determine the way to calculate pouring cost percent.) Determine gross receipts and gross profit. What are other variables to consider?
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