To calculate Food Cost Percentage (FCP):
\[ FCP = \frac{COF}{S} \times 100 \]
Where:
The food cost percentage is the ratio of the total cost of food to the total sales of food, expressed as a percentage. It helps businesses understand how much of their revenue is spent on food costs. This metric is essential for pricing strategies and managing profitability.
Let's assume the following values:
Step 1: Use the formula:
\[ FCP = \frac{500}{2000} \times 100 = 25 \]
Step 2: Display the result:
The food cost percentage (FCP) is 25.00%.
Let's assume the following values:
Step 1: Use the formula:
\[ FCP = \frac{750}{3000} \times 100 = 25 \]
Step 2: Display the result:
The food cost percentage (FCP) is 25.00%.
