An Operation Had Sales of $39,000 in an Accounting Period

question 12

Multiple Choice

An operation had sales of $39,000 in an accounting period. The operation's food cost for the period was 38 percent. The operation spent $6,000 on meat in the period. What was the operation's meat cost percentage for the period?

• A) 12.74%
• B) 14.7%
• C) 16.7%
• D) 18.7%

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