QuestionWhat is the beverage cost if sales are \$22,000 and cost percent is 22.5%?
Studdy Solution
STEP 1
Assumptions1. The total beverage sales for the month is $22,000. The beverage cost percent for the month is22.5%
3. The beverage cost percent is calculated based on the total sales
STEP 2
First, we need to find the beverage cost. We can do this by multiplying the total sales by the beverage cost percent.
STEP 3
Now, plug in the given values for the total sales and beverage cost percent to calculate the beverage cost.
STEP 4
Convert the percentage to a decimal value.
STEP 5
Calculate the beverage cost.
The beverage cost for the month is $4,950.
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