How Is Food Cost Percentage Calculated

question 40

Multiple Choice

How is food cost percentage calculated?

• A) Cost of food sold divided by food sales
• B) Cost of food sales divided by net profit
• C) Food sales minus beverage sales divided by sales
• D) Food cost plus beverage cost divided by sales

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Definitions:

Option

In finance, it refers to a contract which gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a specified date.

Observations

Data points or individual pieces of information collected during a study or research.

Simple Linear Regression

An analytical technique that utilizes a linear equation to depict the connection between a single independent variable and a dependent variable.

Independent Variables

Variables that are manipulated or controlled in an experiment to test the effects on dependent variables, without being influenced by other variables in the study.