Why is it important to consider both foods cost % and contribution margin of a food item?

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NEED question: “Why is it important to consider both foods cost % and contribution margin of a food item?” explained and answered.

Calculate the food cost % and contribution margin for the following menu 2 items at Ron Swansons House of Meat Food Cost Contribution Item Sales Price Food Cost Margin 3 4 Chicken 5 Lamb 6 Pork tenderloin 7 Baked Potato 8 Soup, bow 9 Steak 10 Side salad 11 Chocolate cake 12 13 Why is it important to consider both food cost % and contribution margin of a food 14 item? $3.00 $12.00 $12.00 $32.00 $17.00 $3.00 $5.00 $8.00 0.50 $1.10 $19.00 $7.50 $3.00 $7.00 $1.00 $1.50 16 Ron is thinking of adding a beef brisket dinner to the menu. Help him 17 calculate the plate cost 18 Ingredients Units Quantity Unit Cost Recipe Cost 19 Beef brisket 20 BBQ sauce 21 Baked potato each 22 Sour cream 23 Butter 24 Cheddar cheese oz 25 Biscuits 26 S0.47 S0.19 S0.50 $0.11 S0.25 S0.23 S0.12 Oz oz 2 oz Oz each Plate Cost

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