Exam 10: Determining Cost Percentages and Pricing the Menu

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Using the Chef's Magic Circle, complete the following. Round percent answers to the nearest hundredth and money answers to the nearest cent. In November, Rhonda's Grill spent $5,175 for food with a 37.5% food cost percentage for the month. What was their total sales for the month? $_______________

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A list of goods sent to the purchaser with their prices and quantities listed is called a(n) ____________________.

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Determine the menu price for the following. Round to the nearest cent. The raw food cost is $3.50, and a 32% food cost is desired. $_______________

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_____ are defined as the total moneys needed to pay all the required employees to create, make, and serve food to the guests.

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Determine the menu price for the following. Round to the nearest cent. The raw food price is $2.41, and the markup rate is 5/8. $_______________

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