Chef Fabio does beginning inventory on Thursday night and finds that he has $1456 in food products in the restaurant. Throughout the week he purchases:

$457 produce,
$632 protein,
$356 dry goods, and
$147 dairy.

The following Thursday he does ending inventory and finds that he has $1643 in food. He looks at his sales and finds that he made $5546 over the same 7 day period. What is his food cost as a percentage of sales (food cost percentage)?

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joaobezerra joaobezerra · Answer 1 · 2022-06-27T17:11:09+02:00

Using it's concept, it is found that the percentage of his sales that area food costs is of 29.62%.

The percentage of an amount a over a total amount b is given by a multiplied by 100% and divided by b, that is:

[tex]P = \frac{a}{b} \times 100\%[/tex]

In this problem, he has $1643 out of $5546 in food, hence the percentage is given by:

[tex]P = \frac{1643}{5546} \times 100\% = 29.62%[/tex]

More can be learned about percentages at https://brainly.com/question/10491646

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