How To Calculate Food Cost Percentage. You can determine the food cost percentage through the formula: Cogs is the total cost of food;
8 thoughts on “what is a good food cost percentage and how do you calculate food costs?” kevin bulmer says: Total food cost percentage = (total cost of goods sold / total revenue) x 100. S is the total sales of food
Evaluate every item on the menu.
Using the values from the above example, mike would calculate his ideal food cost percentage like this: The racing part was pretty easy, with the. To calculate your food cost percentage, add the value of the inventory at the beginning of the week to the value of your purchases made during the week. To effectively calculate food cost percentage, managers should follow these steps.