Restaurants, caterers and other foodservice businesses use a standard food cost formula to determine their profit margin on food sales. A profitable restaurant normally has a food-cost percentage of anywhere from 28 to 3... More »

StarChefs explains that food cost percentage is figured by taking the total beginning inventory cost plus purchases minus the ending inventory costs; then dividing that number by food sales. More »

The opportunity cost formula is a simple solution to answer the age old question of whether a particular course of action is worth starting. Opportunity cost is the total sum of what a person or organization has after th... More »

Work out a profit margin by dividing a measure of the company's profitability by the revenue, or sales, figure. There are a few different calculations for profit margins, depending on what data is required More »

Optimal sales price is calculated as the necessary revenue to achieve a desired profit margin divided by the quantity of product units forecast to sell, explains small-business writer Gregory Hamel. A profit margin is th... More »

To cost estimate bakery products, it is necessary to add up the total cost of production and then add in the desired profit margin. This can be a somewhat tricky process because some of the costs may not be direct to any... More »

Compare the cost of living between two cities by analyzing your personal salary, adding the cost of your personal expenses such as housing and food in the two cities, and then subtracting the expenses from your annual sa... More »

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