A restaurant serves a meal for $5.75. The cost of ingredients is $0.83. To the nearest tenth of a percent, what percentage of the serving price is raw ingredients?
To find the percentage of the serving price that is raw ingredients, we divide the cost of the ingredients by the total price of the meal and multiply by 100 to get a percentage.
Percentage of raw ingredients = (cost of ingredients / total price of meal) * 100
Percentage of raw ingredients = (0.83 / 5.75) * 100
Percentage of raw ingredients = 0.14434782608 * 100
Percentage of raw ingredients ≈ 14.4
Therefore, the percentage of the serving price that is raw ingredients is approximately 14.4%.
To find the percentage, divide the cost of ingredients by the serving price, and then multiply by 100.
Cost of ingredients / Serving price * 100
0.83 / 5.75 * 100
0.14434782608695652 * 100
14.4%
Therefore, to the nearest tenth of a percent, approximately 14.4% of the serving price is raw ingredients.
To find the percentage of the serving price that is raw ingredients, we need to calculate the ratio of the cost of ingredients to the selling price and then convert it to a percentage. Here's how to do it:
Step 1: Calculate the ratio of the cost of ingredients to the selling price:
Ratio = (Cost of Ingredients / Selling Price) * 100
So in this case:
Ratio = ($0.83 / $5.75) * 100
= 0.1443 * 100
= 14.43
Step 2: Round the ratio to the nearest tenth of a percent:
Rounded Ratio = 14.4
Therefore, the percentage of the serving price that is raw ingredients is approximately 14.4%.