Item Food Cost %

$"Item Food Cost %" = (IFC)/(SP)$

$(IFC)"Item Food Cost"$

$(SP)"Selling Price"$

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The Item Food Cost Percentage calculator computes the percent cost based on the sale price and the item food cost.

INSTRUCTIONS: Choose units and enter the following:

Item Food Cost Percentage (IFC%): The calculator returns the percent of the cost.

Using the Item Food Cost over the Selling Price, this equation computes the percentage of the item food cost.

Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print