What is important while deciding a fair price for selling food?
Answer and explanation
Correct answer: Considering ingredient cost, labour cost and a reasonable profit
A fair selling price of food should include ingredient cost, other expenses such as fuel or packaging, labour cost, and a reasonable profit. Therefore, option A is correct. The colour of the plate or the customer’s name cannot be a basis for pricing. Exam tip: In questions on selling price, look for both cost and profit.
Frequently asked questions
What is the correct answer to this question?
Considering ingredient cost, labour cost and a reasonable profit
Why is this the correct answer?
A fair selling price of food should include ingredient cost, other expenses such as fuel or packaging, labour cost, and a reasonable profit. Therefore, option A is correct. The colour of the plate or the customer’s name cannot be a basis for pricing. Exam tip: In questions on selling price, look for both cost and profit.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Traditional occupations in India - Indian cuisine.
