Solve the Meal Costing Puzzle: Calculate Food Costs for 120000 Meals

[jacy]

Hi, please help me with this.


Find the cost per meal if you serve 120000 meals, spend $46000 in food purchases and $1250 worth of food was removed from the inventory.

How should i proceed with this problem. Please let me know,thanks.

 

[vaishakh]

I assume my understanding about the question is correct. then the whole amount spent is given for 120000 meals. so now find it for 1 meal.

 

[quicknote]

I would approach this problem by first gathering all of the necessary information and organizing it in a clear and logical manner. This would include the total number of meals served (120000), the amount spent on food purchases ($46000), and the value of food removed from inventory ($1250).

Next, I would calculate the total cost of food by adding the amount spent on food purchases and subtracting the value of food removed from inventory. In this case, the total cost of food would be $46000 - $1250 = $44750.

To find the cost per meal, I would divide the total cost of food by the number of meals served. In this case, the cost per meal would be $44750/120000 = $0.37375 or approximately $0.37 per meal.

It is important to note that this calculation assumes that all of the food purchased was used to serve the 120000 meals. If there was any food waste or spoilage, it would need to be taken into account in the calculation. Additionally, the cost per meal may vary depending on the type of food purchased and the menu items served.

Overall, the cost per meal can provide valuable information for budgeting and planning for future meal services. It can also be used to compare costs between different meal plans or menus. I hope this helps you in solving the meal costing puzzle.