Pricing Knowing the cost of goods sold is

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crucial for calculating the selling price of your dishes . If you know the exact cost of the ingredients in a dish, you can ensure that the selling price not only covers costs, but also generates a reasonable profit. Precise pricing prevents you from either setting prices argentina phone data too low and making a loss, or charging prices too high and losing customers. Example : If the ingredients for a schnitzel cost 5 euros and you are aiming for a gross profit of 70%, you would have to offer the dish for at least 16.70 euros. However, other operating costs such as staff, rent and energy are deducted from the gross profit. 3. Economic efficiency High cost of goods can be an indicator of inefficiencies in your business . Causes can include portions that are too large, too much inventory (and thus financial losses due to spoiled food), unfavorable purchasing conditions, too many incorrect orders or theft. By analyzing and optimizing cost of goods, you can uncover and eliminate such inefficiencies. Measures such as standardizing portion sizes, improving inventory management or selecting cost-effective suppliers can contribute significantly to reducing cost of goods.

Example : If you notice that food is being thrown away regularly in your kitchen, you can adjust the quantities you order or develop creative recipes to make good use of excess ingredients. 4. Comparability The cost of goods allows you to compare your business with other similar establishments . Industry benchmarks can show you whether your cost of goods is within the normal range or whether there is a need for action. These comparison values ​​help you to identify weak points and make targeted improvements. (We will explain how the ratio is calculated in a moment.) Example : If the average cost of goods sold in your industry is 25% of sales and your restaurant is 35%, this is a sign that you should review and optimize your purchasing and production processes. 5. Quality assurance A balanced use of goods ensures that you use high-quality ingredients without breaking the budget . This is crucial for the quality of your dishes and the satisfaction of your guests. A good balance between cost efficiency and quality means that you always use fresh, high-quality ingredients that are well received by your guests.