1. FOR MENU COSTING AT THE CURRENT VAT RAT OF 20% S.Greubel Costing

2. The Formula S.Greubel Food Cost + Gross Profit = Selling Price Abbreviated; FC + GP = SP When you know the FC (80p) and SP (£1.50p) we can calculate the GP in cash and % terms Cash terms; 80p + GP (cash) = £1.50p So GP (cash) = £1.50p – 80p = 70p

3. Mr. Greubel very easy formula S.Greubel Food cost30% Cash Profit70% Selling Price ex. VAT100% Selling Price incl. VAT120 % A L W A Y S work back to one percent And than you can multiply back up.

4. Sample Costing S.Greubel Food cost (£4.75)27% What is the selling price incl. of Vat.? What is the cash profit in % and £ terms? What is the current rate of Vat.?

5. Group Exercise. S.Greubel Group A Food cost (£3.75) 25%. Please calculate all the relevant costing steps. Group B Food cost (£4.00)26%. Please calculate all the relevant costing steps.

6. Your Profit S.Greubel If your costing are relevant, your business will be profitable indeed. ££££££££