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3 years ago

For the past week, your restaurant revenue was $28,675 and your food cost was $9,274. Calculate your gråss margi

Mathematics

1 answer:

Len [333]3 years ago

3 0

Answer: b) 68%

Step-by-step explanation:

Gross margin is used to calculate the amount left of revenue after the costs of goods sold is accounted for.

The formula is:

= (Revenue - Cost) / Revenue

= (28,675 - 9,274) / 28,675

= 0.67658

= 68%

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