Round to the Nearest Hundredth of a Percent

question 9

Short Answer

Round to the nearest hundredth of a percent. The sales of January 15 in the ZZZZ Restaurant were $5,705.00 and $9,765.00 in the bar. The cost of food was $2,350.00, and the bar costs were $2,896.00. The amount of food that was sent from the kitchen to the bar was $250.00. The amount of alcoholic beverages that were sent to the kitchen from the bar was $105.00. What is the beverage cost percentage, calculating transfers? ____________%

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Definitions:

Porter's Five Forces

A framework analyzing a business's competitive environment based on five key forces: competitive rivalry, supplier power, buyer power, the threat of substitution, and the threat of new entrants.

Zero-Sum Game

A situation in which one participant's gains or losses are exactly balanced by the losses or gains of the other participants.

Profitability Expense

A cost incurred by a business that is considered when calculating its profitability, often relating to the operational, production, or administrative aspects of the company.

Rivalry Among Firms

The competition between businesses in the same industry to gain increased revenue, market share, and customer loyalty.