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Your food cost for last week was $10,159, and you made $13,987 in food sales. What is your food cost percentage, rounded to the nearest percentage point?

A. 73%
B. 1.37
C. 7.26
D. $3,828

Answer :

Approximately 73% of the food sales revenue was spent on covering the cost of the food ingredients used in preparing the dishes sold. Here option A is correct.

The food cost percentage is calculated by dividing the food cost by food sales and then multiplying by 100 to get the percentage. Let's calculate it according to each of the options:

a. 73%:

(10,159 / 13,987) * 100 = 72.61% (rounded to 73%)

b. 1.37:

This option doesn't involve calculating a percentage, so it's not applicable.

c. 7.26:

This option is incorrect as well, as it represents a percentage with two decimal places, which is not rounded to the nearest percentage point.

So, the correct answer is option a, which is 73%. The food cost percentage for last week was approximately 73%. This means that 73% of the food sales revenue was spent on covering the cost of the food ingredients used in preparing the dishes sold. Here option A is correct.

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