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Cost of goods less inventory divided by Gross Food Sales

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Q: What is formula of food cost calculation?
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What is mathmatic formula for food cost calculation?

Cost Of Food __________ Food Sales Cost of Food Divided by Food sales will give you a decimal amount which you can then convert to a percentage. example: $25,780 Cost of Food Divided by $64,575 Food Sales= .399225 or 39.9% then rounded to 40%


What is a Food cost percentage?

It is a calculation that determines the % of cost to sales.


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Mathamatical formula for food cost?

Food cost = (cost of goods - inventory) / gross food sales


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What is the formula for finding out food cost percentage?

Food cost percentage can be calculated using the formula: (Cost of Goods Sold / Total Sales) x 100. To find the cost of goods sold, subtract the beginning inventory from the sum of purchases and ending inventory. This formula helps determine the percentage of total sales revenue that is spent on food costs.


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