Answer:
Her food cost as a percentage of sales is 33.58%.
Step-by-step explanation:
Since Chef Amy does beginning inventory on Thursday night and finds that she has $ 4697 in food products in the restaurant, and throughout the week she purchases:
$ 668 produces
$ 2206 meat
$ 2488 dry goods
$ 3755 dairy
The following Thursday she does ending inventory and finds that she has $ 3518 in food.
She looks at her sales de ella and finds that she made $ 30658 over the same 7 day period.
To determine what her food cost is as a percentage of sales (her food cost percentage), the following calculation must be performed:
4,697 + 668 + 2,206 + 2,488 + 3,755 = 13,814
13,814 - 3,518 = 10,296
30,658 = 100
10,296 = X
10,296 x 100 / 30,658 = X
1,029,600 / 30,658 = X
33.58 = X
Therefore, her food cost as a percentage of sales is 33.58%.
