You food costs are $1700. Your total food sales are $8500. What percent of your food sales do the food costs represent?
To find the percentage of food sales that the food costs represent, you need to divide the food costs by the total food sales and then multiply by 100. Here's how you can calculate it:
1. Divide the food costs by the total food sales:
Percentage = ($1700 / $8500)
2. Simplify the division:
Percentage = 0.2
3. Multiply the result by 100 to convert it to a percentage:
Percentage = 0.2 * 100 = 20%
Therefore, the food costs represent 20% of the total food sales.