Question

Some items are sold at 10% profit. What is the ratio of buy to base and base?​

Answer 1

To calculate the selling price on this basis, the food costs have to be expressed as a percentage of the selling price using the following calculation. Food cost ÷ Food cost as a % of the selling price × 100

To calculate the selling price on this basis, the food costs have to be expressed as a percentage of the selling price using the following calculation. Food cost ÷ Food cost as a % of the selling price × 100For example, if food costs for a dish come to £4.50 and the gross profit target is 75%, the food cost as a percentage of

To calculate the selling price on this basis, the food costs have to be expressed as a percentage of the selling price using the following calculation. Food cost ÷ Food cost as a % of the selling price × 100For example, if food costs for a dish come to £4.50 and the gross profit target is 75%, the food cost as a percentage ofthe targeted sale is 25%.