Calculating Costs (With Answers) Page 28
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28B. Provide meals for day care centers or senior citizen meeting places.
EXAMPLE:
Contract with the local Headstart program to provide meals for
children for the school year. Note: Sales tax must be collected for any group
other than non-profit.
6. Meal Charges
Prices charged for full-priced meals and adult meals have a major impact on income
and number of meals served. A price increase should be based on thorough
analysis of costs. Factors such as the demand for the product/service, the market
price, and customer responsiveness to price changes influence the price levels.
Other factors such as a convenient location or more personalized service may allow
you to charge a higher price. Raising meal prices may be a final option to keeping
the operation financially sound.
Calculating Costs - 28
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