Submitted by Accurate-Lecture7473 t3_ya2dri in baltimore
imperaman t1_itcpak1 wrote
Reply to comment by the-denver-nugs in If not Atlas, then who? by Accurate-Lecture7473
If food cost is 30-35% of the price of an entree, then if the food cost doubles, the price of the entree should increase by 30-35%.
the-denver-nugs t1_itxnd24 wrote
uhhhh did you do the math because say if the chicken doubles from $5 -%10. then 5X3=15 10x3=30. why would the price of the entree only increase 30%? granted you are somewhat right but not because of any reason you posted. labor/building arn't included which would change the pricing structure because with $5 chicken it's $10 profit. with $10 chicken it's a $20 profit. though also pricing for rent and housing also through the roof. and labor has also been more expensive than ever in the pandemic as we have had to pay more for servers, BoH, cooks, bartenders. we havn't doubled entree prices but we are incuring more expenses than ever before and probably should have.
Viewing a single comment thread. View all comments