Given the following information, what is the base selling price of the menu item using the prime costs pricing method? $\begin{array}{lr}
\text { Menu Item Food Cost } & \$ 3,40 \
\text { Annual Labor Cost } & \$ 200,000 \
\text { Annual Number of Expected Guests } & 60,000 \
\text { Desired Prime Costs Percentage } & 63 \%
\end{array}$

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The Answer of Given the following information, what is the base selling price of the menu item using the prime costs pricing method? $\begin{array}{lr}
\text { Menu Item Food Cost } & \$ 3,40 \
\text { Annual Labor Cost } & \$ 200,000 \
\text { Annual Number of Expected Guests } & 60,000 \
\text { Desired Prime Costs Percentage } & 63 \%
\end{array}$

Given the Following Information, What Is the Base Selling Price