Determine the Menu Price for the Following

question 24

Short Answer

Determine the menu price for the following. Round to the nearest cent. The raw food price is $3.63, and the markup rate is 70%. $_______________

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Definitions:

Needs Contract

A contract or agreement tailored to address and fulfill specific needs of the parties involved.

Good Faith

Acting with honest intentions without seeking to take unfair advantage in a transaction or situation.

Rule Of Requirements

A principle in contract law that dictates a seller must supply only the quantity of goods that a buyer requires, no less and no more.

Triple

Multiplication by three or having three parts; in some contexts, it may refer to a rating, niveau, or layer that is three times stronger, higher, or more intense.