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Food Cost Percentage: Definition & Calculation

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question 1 of 3

How do you calculate net inventory when calculating the percentage of food cost?

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1. If purchases were $4,000, net inventory was $1,000, and food sales were $20,000, then what is the food cost percentage?

2. What would a food cost percentage of 50% indicate?

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About This Quiz & Worksheet

How is food cost percentage calculated? To check your knowledge of this percentage and how to calculate it, use the worksheet and quiz.

Quiz & Worksheet Goals

The goal of these tools is to check your knowledge of:

  • Calculating net inventory for food cost percentage
  • A good food cost percentage
  • Finding the food cost percentage
  • What a food cost percentage of 50% indicates

Skills Practiced

  • Knowledge application - use your knowledge to answer questions about calculating the food cost percentage
  • Information recall - access the knowledge you have gained about a good food cost percentage
  • Interpreting information - verify that you can read information about how to find the net inventory for food cost percentage and interpret it correctly

Additional Learning

You can learn more by using the lesson titled Food Cost Percentage: Definition & Calculation. Using this lesson helps you:

  • Determine why food costs matter
  • Learn how to effectively find the food cost percentage
  • Look at food cost percentage examples
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