Q:
# How do you calculate food cost percentage?

A:
### Quick Answer

**StarChefs explains that food cost percentage is figured by taking the total beginning inventory cost plus purchases minus the ending inventory costs; then dividing that number by food sales.**

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Nick Nguyen
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Food cost percentage is generally figured on a weekly basis. If the formula returns an answer of 50 percent, then the restaurant spends 50 cents to purchase food for every dollar earned in sales. Restaurants can use a free online calculator to calculate food cost percentages. These calculators can break down the food cost per recipe or menu item. An acceptable percentage depends on the type of meal, such as breakfast, lunch or dinner, and the amount of additional expenses the restaurant must cover, such as overhead.

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Q:
## How do you calculate a percentage of a dollar?

A:

Full Answer >**To calculate a percentage of $1.00, treat it as 100 pennies.**The percentage sought is equal to the same number in cents. According to Math Is Fun, "percent" is a number per 100, so treating $1.00 as a 100 pennies makes the math simple.Filed Under: -
Q:
## How do you calculate monthly payments with the principal and interest rate?

A:Apart from principal and interest rate, prospective borrowers need to know the length of time over which a loan is to be paid in order to calculate monthly payments, explains the Consumer Financial Protection Bureau. Insurance and other costs should also be considered when calculating such payments.

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Q:
## What is a food cost formula?

A:

Full Answer >**Restaurants, caterers and other foodservice businesses use a standard food cost formula to determine their profit margin on food sales.**A profitable restaurant normally has a food-cost percentage of anywhere from 28 to 35 percent.Filed Under: -
Q:
## How do you calculate the cost of living index?

A:A cost-of-living index is calculated from price data for goods and services in two or more cities. The cost of living in the base city is expressed as 100. The cost of living in destination cities is compared against this number, according to the Economist Intelligence Unit.

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