What is the percentage food cost from selling 40 pieces of fish for $240 with a raw food cost of $2.00 each?

To determine the percentage food cost, start by calculating the total raw food cost and the total revenue from sales.

First, calculate the total raw food cost: if each piece of fish costs $2.00 and 40 pieces are sold, the total food cost will be:

Total food cost = Cost per piece × Number of pieces

Total food cost = $2.00 × 40 = $80

Next, the total revenue from selling the fish is given as $240.

Now, the percentage food cost can be calculated using the formula:

Percentage food cost = (Total food cost / Total revenue) × 100

Substituting the values we found:

Percentage food cost = ($80 / $240) × 100 = (1/3) × 100 ≈ 33.33%

When rounded, this results in a food cost percentage of approximately 33%, which aligns with the correct option. Thus, this understanding of calculating the total costs related to the sales revenue is critical in determining food cost percentages in food service operations.