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ycow [4]
3 years ago
12

Your goal for the month was to keep Cost of Goods Sold under 25% of revenues for food and drinks. Your restaurant sold $36,889 o

f food on costs of $11,507. Your bar sold $14,887 in drinks on costs of $1,097. Did you meet your goal?
Mathematics
1 answer:
Harman [31]3 years ago
7 0

<u>Answer: </u>Yes, the goal was met.

<u>Step-by-step explanation:</u>

Given

Total sales = Food sales + Drinks sales

=36889+14887

=$51776

Total Cost of Goods sold= Food cost + Drinks cost

=11507+1097

=$12604

Percentage of COGS on revenue

=COGS/Total sales revenue x 100

=(12604/51776) x 100

=(0.2434) x 100

=24.34%

The Cost of goods sold was 24.34% which is less than 25% objective. Hence the the goal of the month was met.

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