Question

What is the purchase price of the item if 10% loss is made by selling 30 rupees?​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

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

For 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

the targeted sale is 25%.

To calculate the selling price based on this information:

£4.50/25× 100 = £18.00.

By dividing £4.50 by 25, this brings the figure down to 1% of the selling price (£0.18). By then multiplying by 100, it brings the figure up to 100%, the selling price (£18.00). As long as you have the food cost and the target gross profit percentage, this is sufficient information to calculate the selling price.