Let us assume that your records show $2,500 in food sales and $750 cost of goods consumed. What is the percentage of cost of goods consumed?

Name: Let us assume that your records show $2,500 in food sales and $750 cost of goods consumed. What is the percentage of cost of goods consumed?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The percentage of cost of goods consumed is calculated by dividing the cost of goods consumed ($750) by the total food sales ($2,500) and then multiplying by 100. This gives (750/2500) * 100 = 30%.

Let Us Assume That Your Records Show $2,500 in Food