{"id":16806,"date":"2018-09-19T06:14:32","date_gmt":"2018-09-19T06:14:32","guid":{"rendered":"https:\/\/www.posist.com\/restaurant-times\/?p=16806"},"modified":"2023-08-29T17:08:34","modified_gmt":"2023-08-29T11:38:34","slug":"food-cost-formula","status":"publish","type":"post","link":"https:\/\/www.posist.com\/restaurant-times\/restro-gyaan\/food-cost-formula.html","title":{"rendered":"Food Cost Formula-Calculate Your Restaurant&#8217;s Food Costs The Right Way In 2023"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">It is necessary for all restaurateurs to calculate the food cost and make <a href=\"https:\/\/www.Posist.com\/restaurant-times\/resources\/a-definitive-guide-to-menu-pricing-and-calculating-food-costs.html\">appropriate changes in the <\/a><\/span><a href=\"https:\/\/www.Posist.com\/restaurant-times\/resources\/a-definitive-guide-to-menu-pricing-and-calculating-food-costs.html\"><span data-preserver-spaces=\"true\">menu pricing<\/span><\/a><span data-preserver-spaces=\"true\">. Why all restaurants must calculate the food cost is mainly because if you don&#8217;t, you can lose out on a lot of money, and this will, in turn, increase your overall restaurant expenses. However, calculating the food cost of your restaurant isn&#8217;t an easy task. More often than not, most restaurant owners are not aware of the correct food cost formula that will help to detain the cost at hand and has the potential to pave the path of your restaurant towards an eternal doom. However, don&#8217;t you need to worry, we are here to help, and make your calculation a cakewalk.\u00a0<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Importance Of Food Cost Formula<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Food cost is essentially the <strong>total cost of your food net of the existing Inventory<\/strong>. Most of the time, if not always, beverage costs are not included and are counted separately.<strong>\u00a0In percentage, the food cost is primarily a restaurant&#8217;s total food purchase divided by the restaurant&#8217;s total sales.\u00a0<\/strong><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">We all know that&#8217;s calculating the restaurant food costs helps in maintaining a healthy business. However, calculating it with the help of proper food cost formula can help you achieve accuracy, which can help you to reduce your overall expenses. The reasons why calculating food cost is essential are:\u00a0<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Food cost determines a<strong> restaurant&#8217;s profitability<\/strong>. Without knowing the prices of the items, and the menu costs at the end of the different periods, it will be challenging for you to run and track a highly profitable restaurant, and knowing where you need to make adjustments and changes which will help you to garner more profit.\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Lower food cost means higher profit, and this makes it imperative to track food costs.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">It helps you to <strong>price your menu items correctly.<\/strong><\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Once you accurately price your menu items, it will help you to\u00a0<\/span><a href=\"https:\/\/www.Posist.com\/restaurant-times\/restro-gyaan\/optimize-restaurant-menu.html\"><span data-preserver-spaces=\"true\">optimize your menu<\/span><\/a><span data-preserver-spaces=\"true\"> when required. This is mostly called menu engineering. Just by moving things in the menu, putting items in boxes, and highlighting a few items can do wonders and help you to increase your profits to a great extent.\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">There is this myth around food costs. People think that food cost is the amount a restaurant spends on food. You will be getting a very false and varying number if that is how you are determining your restaurant food costs.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-23394 size-full\" src=\"https:\/\/www.Posist.com\/restaurant-times\/wp-content\/uploads\/2018\/09\/Food-Cost-Formula.gif\" alt=\"Food Cost Formula To Reduce The Food Costs\" width=\"800\" height=\"600\" \/><\/p>\n<h3><strong><span data-preserver-spaces=\"true\">The Formula For Calculating Food Costs<\/span><\/strong><\/h3>\n<p><span data-preserver-spaces=\"true\">Before going about calculating the food cost of your restaurant, you must understand the different types of food cost that exists; There are two types of food costs in your restaurant and bar:<\/span><\/p>\n<h4><strong><span data-preserver-spaces=\"true\">1. Food Cost- Plate Cost<\/span><\/strong><\/h4>\n<p>Plate cost is essentially the amount <strong>you receive after dividing the value you incur in preparing a dish divided by the price at which you sold the dish<\/strong>. To find the percentage, you will then have to multiply this amount by 100.<\/p>\n<p><span data-preserver-spaces=\"true\">And every restaurant without fail must know how much each plate, each item, or each drink cost. The formula with which you can calculate it :\u00a0<\/span><\/p>\n<p>How much did it<strong><span data-preserver-spaces=\"true\"> cost for you to prepare a dish\/<\/span><\/strong>How much did<strong><span data-preserver-spaces=\"true\"> you sell it for\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><\/strong><strong><span data-preserver-spaces=\"true\">= Food cost or the plate cost<\/span><\/strong><\/p>\n<p>For example<span data-preserver-spaces=\"true\">, a burger costs you 2.00$ to prepare\/ and you sell it for 8.00$ = 0.25 is your food cost.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Now, to know the food cost percentage : 0.25 X 100= 25%<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">So the food or the plate cost for that particular burger is 25%.\u00a0<\/span><\/p>\n<h4><strong><span data-preserver-spaces=\"true\">2. Food Cost &#8211; Period Cost\u00a0<\/span><\/strong><\/h4>\n<p>Period cost<span data-preserver-spaces=\"true\"> is slightly more complicated but you must keep a tab on this as well. Period food cost is essentially the cost incurred on food in a particular person, be it a month or a quarter. But if you want to determine the period food cost, you will have to understand the <\/span><strong><span data-preserver-spaces=\"true\">COGS (Cost of Goods Sold) formula<\/span><\/strong><span data-preserver-spaces=\"true\">. Period costs can be used to determine the period for any category in your restaurant.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Here&#8217;s the\u00a0<\/span><strong><span data-preserver-spaces=\"true\">COGS Formula\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">for your convenience:\u00a0<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Beginning Inventory + New Inventory Purchased &#8211; Ending Inventory\u00a0<\/span><\/strong><strong><span data-preserver-spaces=\"true\">= Total Food Usage in a particular period.\u00a0<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Once you have the total amount used, you can find the Cost Of Goods Sold by :<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Toral Food Usage\/Total Food Sales = COGS.\u00a0<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">To calculate the COGS in percentage, multiply it with 100:<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">COGS X 100= COGS%<\/span><\/strong><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-large wp-image-23395\" src=\"https:\/\/www.Posist.com\/restaurant-times\/wp-content\/uploads\/2018\/09\/food-cost-calculator-1024x683.jpg\" alt=\"Food Cost Calculator To Calculate the Food Costs at your restaurant\" width=\"696\" height=\"464\" srcset=\"https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2018\/09\/food-cost-calculator-1024x683.jpg 1024w, https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2018\/09\/food-cost-calculator-300x200.jpg 300w, https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2018\/09\/food-cost-calculator-768x512.jpg 768w, https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2018\/09\/food-cost-calculator-1536x1024.jpg 1536w, https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2018\/09\/food-cost-calculator-2048x1365.jpg 2048w, https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2018\/09\/food-cost-calculator-696x464.jpg 696w, https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2018\/09\/food-cost-calculator-1068x712.jpg 1068w, https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2018\/09\/food-cost-calculator-1920x1280.jpg 1920w, https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2018\/09\/food-cost-calculator-630x420.jpg 630w\" sizes=\"(max-width: 696px) 100vw, 696px\" \/><\/p>\n<p><span data-preserver-spaces=\"true\">Period costs can be used to determine the period for any category in your restaurant.\u00a0<\/span>The period cost can be used to<strong><span data-preserver-spaces=\"true\"> determine food cost; beer bottled cost, beer draft, wine bottled cost, wine glass cost, liquor cost as well as your merchandise cost.<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">When using the COGS formula to calculate the food cost, make sure you<\/span>\u00a0are comparing the correct category purchases and Inventory to the proper category sales<span data-preserver-spaces=\"true\">. Ensure that you are <\/span><strong><span data-preserver-spaces=\"true\">comparing the right Inventory and purchase period to the correct sales period<\/span><\/strong><span data-preserver-spaces=\"true\">.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For example, if you want to calculate the <strong>period food cost for June<\/strong>, this is what you need to do:\u00a0<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">June&#8217;s (food) beginning Inventory + June (food) purchases &#8211; June&#8217;s (food) ending Inventory = June&#8217;s total food usage<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Now once you have June&#8217;s food usage, you can apply the COGS formula to understand the cost of the goods. For this you need to :<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">June&#8217;s food usage \/ June food sales = gives you the COGS<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Multiply it will 100 to know the COGS in percentage.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Once you have your food cost in place, you can bring in all the necessary changes that will further bolster the sales of your restaurant. When you are aware of your most selling and your least selling menu items, you can apply\u00a0<\/span><a href=\"https:\/\/www.Posist.com\/restaurant-times\/restro-gyaan\/restaurant-menu-engineering-tips.html\"><span data-preserver-spaces=\"true\">menu engineering<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0aptly and replace the least selling items with more varieties of items in demand. This will help <strong>you to reduce your overall expenses.<\/strong> Hence, use the above-mentioned food cost formula and apply them appropriately and see how to keep your cash registers overflowing.<\/span><\/p>\n<h2><b>What Is The Ideal Food Cost Percentage For A Restaurant?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Your next step after calculating food costs should be to compare them to an ideal food percentage.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While a lot of restaurateurs conjecture that, ideally, food cost percentages should stay between 28-35%, the exact percentage would vary depending on the kind of cuisine you serve and the format of your restaurant.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, for a fast-food restaurant or a cloud kitchen, an ideal percentage would be towards the lower ends of the 20s due to the advantage of scale, while for fine dining, it could go up to 30-35% as the operating expenses are way higher. Similarly, for a multi-cuisine restaurant, the ballpark figure could go up to 37%, the point being higher the food costs, higher the menu prices.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In order to calculate your ideal food cost percentage, you will need to know:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">total food cost, and<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">total food sales,<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">for a particular period, say a week or a month.<\/span><\/p>\n<p><b>Ideal food cost\u00a0% <\/b><span style=\"font-weight: 400;\">= Total food cost \/ Total food sales<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, if your burgers in the example above cost you US $2000 in a week and you managed to sell them for US $10000, then,\u00a0<\/span><\/p>\n<p><b>Ideal food cost\u00a0<\/b><span style=\"font-weight: 400;\">= US $2000 \/ 10000 <\/span><span style=\"font-weight: 400;\">= 0.20, or<\/span><b>\u00a020%<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Remember that an ideal food cost percentage doesn\u2019t consider inconsistent portion sizes, theft or spillage.<\/span><\/p>\n<h2><b>How To Decide On Menu Pricing With Food Cost Percentage In Mind?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Now that you know your ideal food cost percentage, it\u2019s time to design your menu prices.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A comparison of your current food cost percentage to ideal standards will help you determine whether you\u2019re:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">underpricing your food items<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">overpricing your food items (thus making them unpopular), or\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">overpaying for food<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">For example, if a dish costs you US $20 to prepare, and you arrive at an ideal food cost percentage of 32%, then you can determine your menu cost by using the formula:<\/span><\/p>\n<p><b>Ideal Menu Item price<\/b><span style=\"font-weight: 400;\"> = Cost per serving\/ Ideal food cost percentage<\/span><\/p>\n<p><b>Menu price<\/b><span style=\"font-weight: 400;\"> = US $20\/.32 = US $62.5<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you were charging US $50 as the dish\u2019s price, you now know that raising prices to US $62.5 will help you become more profitable. However, if your customers find the prices prohibitive and sales go down instead, it would make sense to either reduce the portion sizes or remove that item. A similar process can be performed for all the food items on the menu after determining their respective ideal food percentages.<\/span><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Having said that, menu pricing is also impacted by other factors, including cuisine, location, competitors and service levels expected by the target demographic. Besides, one needs to be cognizant of indirect food costs, such as expensive equipment or a highly-priced chef, and factor them into the pricing.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Also, use this ready-made Food Cost Calculator to calculate your restaurant food costs.<\/span><\/p>\n<p><!--HubSpot Call-to-Action Code --><span id=\"hs-cta-wrapper-00bf2690-5893-46ca-b6c0-73246c561ff4\" class=\"hs-cta-wrapper\"><span id=\"hs-cta-00bf2690-5893-46ca-b6c0-73246c561ff4\" class=\"hs-cta-node hs-cta-00bf2690-5893-46ca-b6c0-73246c561ff4\"><!-- [if lte IE 8]>\n\n\n<div id=\"hs-cta-ie-element\"><\/div>\n\n\n<![endif]--><a href=\"https:\/\/cta-redirect.hubspot.com\/cta\/redirect\/4762187\/00bf2690-5893-46ca-b6c0-73246c561ff4\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" id=\"hs-cta-img-00bf2690-5893-46ca-b6c0-73246c561ff4\" class=\"hs-cta-img\" style=\"border-width: 0px;\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/4762187\/00bf2690-5893-46ca-b6c0-73246c561ff4.png\" alt=\"Download Food Cost Calculator\" \/><\/a><\/span><script charset=\"utf-8\" src=\"https:\/\/js.hscta.net\/cta\/current.js\"><\/script><script type=\"text\/javascript\"> hbspt.cta.load(4762187, '00bf2690-5893-46ca-b6c0-73246c561ff4', {}); <\/script><\/span><!-- end HubSpot Call-to-Action Code --><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>It is necessary for all restaurateurs to calculate the food cost and make appropriate changes in the menu pricing. Why all restaurants must calculate the food cost is mainly because if you don&#8217;t, you can lose out on a lot of money, and this will, in turn, increase your overall restaurant expenses. However, calculating the [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":24,"featured_media":29189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":""},"categories":[819],"tags":[1387,1034,1416,1417],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Calculate Your Restaurant&#039;s Food Costs The Right Way With Food Cost Formula<\/title>\n<meta name=\"description\" content=\"Calculate your restaurant&#039;s food costs with food cost formula to eliminate food wastage and improve your restaurant&#039;s profit margins in 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.posist.com\/restaurant-times\/restro-gyaan\/food-cost-formula.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Calculate Your Restaurant&#039;s Food Costs The Right Way With Food Cost Formula\" \/>\n<meta property=\"og:description\" content=\"Calculate your restaurant&#039;s food costs with food cost formula to eliminate food wastage and improve your restaurant&#039;s profit margins in 2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.posist.com\/restaurant-times\/restro-gyaan\/food-cost-formula.html\" \/>\n<meta property=\"og:site_name\" content=\"The Restaurant Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TheRestaurantTimes\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-19T06:14:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-29T11:38:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2018\/09\/Reduce-Restaurant-Food-Cost-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"741\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Daniel McCarthy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Daniel McCarthy\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.posist.com\/restaurant-times\/restro-gyaan\/food-cost-formula.html\",\"url\":\"https:\/\/www.posist.com\/restaurant-times\/restro-gyaan\/food-cost-formula.html\",\"name\":\"Calculate Your Restaurant's Food Costs The Right Way With Food Cost Formula\",\"isPartOf\":{\"@id\":\"https:\/\/www.posist.com\/restaurant-times\/#website\"},\"datePublished\":\"2018-09-19T06:14:32+00:00\",\"dateModified\":\"2023-08-29T11:38:34+00:00\",\"description\":\"Calculate your restaurant's food costs with food cost formula to eliminate food wastage and improve your restaurant's profit margins in 2023.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.posist.com\/restaurant-times\/restro-gyaan\/food-cost-formula.html#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.posist.com\/restaurant-times\/restro-gyaan\/food-cost-formula.html\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.posist.com\/restaurant-times\/restro-gyaan\/food-cost-formula.html#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.posist.com\/restaurant-times\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Food Cost Formula-Calculate Your Restaurant&#8217;s Food Costs The Right Way In 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.posist.com\/restaurant-times\/#website\",\"url\":\"https:\/\/www.posist.com\/restaurant-times\/\",\"name\":\"The Restaurant Times\",\"description\":\"By Posist\",\"publisher\":{\"@id\":\"https:\/\/www.posist.com\/restaurant-times\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.posist.com\/restaurant-times\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.posist.com\/restaurant-times\/#organization\",\"name\":\"The Restaurant Times\",\"url\":\"https:\/\/www.posist.com\/restaurant-times\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.posist.com\/restaurant-times\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2017\/08\/cropped-trt-logo.jpg\",\"contentUrl\":\"https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2017\/08\/cropped-trt-logo.jpg\",\"width\":600,\"height\":160,\"caption\":\"The Restaurant Times\"},\"image\":{\"@id\":\"https:\/\/www.posist.com\/restaurant-times\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/TheRestaurantTimes\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Calculate Your Restaurant's Food Costs The Right Way With Food Cost Formula","description":"Calculate your restaurant's food costs with food cost formula to eliminate food wastage and improve your restaurant's profit margins in 2023.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.posist.com\/restaurant-times\/restro-gyaan\/food-cost-formula.html","og_locale":"en_US","og_type":"article","og_title":"Calculate Your Restaurant's Food Costs The Right Way With Food Cost Formula","og_description":"Calculate your restaurant's food costs with food cost formula to eliminate food wastage and improve your restaurant's profit margins in 2023.","og_url":"https:\/\/www.posist.com\/restaurant-times\/restro-gyaan\/food-cost-formula.html","og_site_name":"The Restaurant Times","article_publisher":"https:\/\/www.facebook.com\/TheRestaurantTimes\/","article_published_time":"2018-09-19T06:14:32+00:00","article_modified_time":"2023-08-29T11:38:34+00:00","og_image":[{"width":741,"height":486,"url":"https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2018\/09\/Reduce-Restaurant-Food-Cost-1.jpg","type":"image\/jpeg"}],"author":"Daniel McCarthy","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Daniel McCarthy","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.posist.com\/restaurant-times\/restro-gyaan\/food-cost-formula.html","url":"https:\/\/www.posist.com\/restaurant-times\/restro-gyaan\/food-cost-formula.html","name":"Calculate Your Restaurant's Food Costs The Right Way With Food Cost Formula","isPartOf":{"@id":"https:\/\/www.posist.com\/restaurant-times\/#website"},"datePublished":"2018-09-19T06:14:32+00:00","dateModified":"2023-08-29T11:38:34+00:00","description":"Calculate your restaurant's food costs with food cost formula to eliminate food wastage and improve your restaurant's profit margins in 2023.","breadcrumb":{"@id":"https:\/\/www.posist.com\/restaurant-times\/restro-gyaan\/food-cost-formula.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.posist.com\/restaurant-times\/restro-gyaan\/food-cost-formula.html"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.posist.com\/restaurant-times\/restro-gyaan\/food-cost-formula.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.posist.com\/restaurant-times\/"},{"@type":"ListItem","position":2,"name":"Food Cost Formula-Calculate Your Restaurant&#8217;s Food Costs The Right Way In 2023"}]},{"@type":"WebSite","@id":"https:\/\/www.posist.com\/restaurant-times\/#website","url":"https:\/\/www.posist.com\/restaurant-times\/","name":"The Restaurant Times","description":"By Posist","publisher":{"@id":"https:\/\/www.posist.com\/restaurant-times\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.posist.com\/restaurant-times\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.posist.com\/restaurant-times\/#organization","name":"The Restaurant Times","url":"https:\/\/www.posist.com\/restaurant-times\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.posist.com\/restaurant-times\/#\/schema\/logo\/image\/","url":"https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2017\/08\/cropped-trt-logo.jpg","contentUrl":"https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2017\/08\/cropped-trt-logo.jpg","width":600,"height":160,"caption":"The Restaurant Times"},"image":{"@id":"https:\/\/www.posist.com\/restaurant-times\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/TheRestaurantTimes\/"]}]}},"_links":{"self":[{"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/posts\/16806"}],"collection":[{"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/comments?post=16806"}],"version-history":[{"count":13,"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/posts\/16806\/revisions"}],"predecessor-version":[{"id":30632,"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/posts\/16806\/revisions\/30632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/media\/29189"}],"wp:attachment":[{"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/media?parent=16806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/categories?post=16806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/tags?post=16806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}