Food Cost Percentage | Definition & Formula
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Food Cost Percentage | Definition & Formula
Learn to use the food cost percentage formula to calculate food cost. Understanding food cost can help a restaurant stay profitable.
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1. Using the operating statement provided (Figure 8–4), determine the following: Food cost percentage without sales from the student union. Remember the formula is product cost divided by food Sales x 100. Labor cost percentage. Remember the formula is labor cost divided by total Sales x 100.Prime cost. Remember the formula is the total cost of goods sold (food and beverage) total labor costs.
1. Using the operating statement provided (Figure 8–4), determine the following: Food cost percentage without sales from the student union. Remember the formula is product cost divided by food Sales x 100. Labor cost percentage. Remember the formula is labor cost divided by total Sales x 100.Prime cost. Remember the formula is the total cost of goods sold (food and beverage) total labor costs.
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The average cost of a meal right now is $13 per person, and when you cook at home, it’s $4 per person. If you’re wondering why you have too much month left at the end of your money, start by looking at how much money you spend eating out every month. | George Kamel
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The average cost of a meal right now is $13 per person, and when you cook at home, it’s $4 per person. If you’re wondering why you have too much month left at the end of your money, start by looking at how much money you spend eating out every month. | George Kamel
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