Answer :
A menu item costs a manager $2.20 to produce. the manager wants to achieve a 40% food cost on the item. $5.50 be the item's selling price.
The selling price is the charge that a client can pay to purchase a product or a commodity. it's miles a rate above the cost charge and includes a percentage of earnings also. price charge is the rate at which the vendor purchases the product or the commodity. He then adds a percentage of earnings or profits to it.
Consequently, the selling price according to the unit formula to discover the rate consistent with a unit from the profits declaration, and divide income by means of the variety of devices or amount bought to discover the charge per unit. for instance, given sales of $80,000 for the year and 2,000 devices sold, the fee consistent with the unit is Rs. 40 (80,000 divided via 2,000).
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