Using the Prime Cost Pricing Method,given the Following Information,price the Following

question 62

Short Answer

Using the prime cost pricing method,given the following information,price the following menu items: food cost is $3.15,direct labour is $1.85,desired prime cost percentage is 40%.The selling price is $___________.

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Definitions:

Symbolic Language

Symbolic language is a system of communication using symbols or a series of symbols to represent ideas, concepts, or objects.

Output Field Devices

Devices that receive electrical signals from a control system and perform actions, such as valves, lights, or motors.

Output Module

A component of a PLC or other control system that provides the interface for output signals to external devices or equipments.