We know the following about the Beef Tenderloin that we purchase: Cost Factor per...
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We know the following about the Beef Tenderloin that we purchase:
- Cost Factor per Pound of 1.2667
- Cost Factor per Portion of 0.4750
- Ratio of Usable Meat to Amount Purchased is 75.0%
- Average Purchase Weight of 10 pounds
- How many pounds of Beef Tenderloin must we purchase if we have a banquet for 500 guests and each is served a 6 ounce precooked portion?
- If our purchase price is $12.00 per pound, what is the cost for a 6 ounce precooked portion?
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