Friday Financial Footnotes from Kevin Mclaughlin

This week, test your food cost skills with a “Brain Twister”.
 Also, share this with your staff to test their skills

You have added a new menu item to promote in our facility. 
The total food cost for the new menu item is $1.63. 
To maintain a 41% food cost percentage
what should be the calculated selling price of the item.

Formula  FC$$/FC%

Which answer is correct?

$2.38
$3.97
$4.05
$3.26

Hopefully you were able to get the correct answer. 

$1.63 divided by 41% equals $3.97
  
Kevin J Mclaughlin | Regional Director of Operations