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A Math Question

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A Math Question

Post  acere2009 on Fri May 22, 2009 6:38 pm

Please can one of you math literate folks on here please solve the following mathematical conundrum for me: Thanks.

Food Cost Assignment
Figure out the cost of food sold and enter answers here (no attatchments please):

Beginning inventory $35,000
Add food purchases total $20,000
Closing inventory $6,000
Employee meals $2,000


Cost of food sold, show calculation.
If the food sales are 150,000 what is the food cost %, show calculation.


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