The management of a nearby restaurants wants to feature a new cocktail called a Martian Landing. It will sell for $2.50. The desired cost-to-sales ratio for the drink is 20%. How much should the ingredients cost?

Question

Quizplus · Accepted Answer

To find the cost of the ingredients, multiply the selling price ($2.50) by the cost-to-sales ratio (20% or 0.20). $2.50 * 0.20 = $0.50.

The Management of a Nearby Restaurants Wants to Feature a New