Math and Owning a Restaurant

Topics: Property, Ownership, Marketing, Mathematics, Bookkeeping, Income statement / Pages: 4 (801 words) / Published: Oct 9th, 1999
Math is an

essential asset in the business world. Without mathematics businesses

wouldn't be able to operate effectively. In order to run a restaurant math plays

an important role in a lot of different areas. For instance the items on the menu

may change due to the way it sells. Bookkeeping and math allow you to both

figures out what items are profitable and what items are selling. The business

world revolves around math, from profit and loss statements, to graphs, to

taxes. Everything in business requires mathematics. Owning a restaurant is no

different then any other field of business when it comes to math. The simplest

things in a restaurant could not happen without math such as paying for your

meal. Math is used to add up the total cost of a person's bill as well as adding

in the sales tax. More advanced math is used in the restaurant business as

well. Using equations to determine what your business can afford to buy as

well as the difference in the cost of the product and the profit it turns over is all

determined by math. Jobs you might not even think require math do, such as

portioning products or prepping food. When you are preparing food you need

to measure amounts of ingredients and measurements are a form of

mathematics. Wheatley-2 Keeping your books up to date requires math as

well. When keeping records of your restaurant's sales you can keep track of

your busy periods to know when you are required to order more food or

alcohol. Equations are used then to determine what and how much you need

of a product. Using math to determine a product markup is an important

process to a successful business as well. Determining the overall cost of a

dinner special and factoring in each amount of the ingredients used all goes

towards the final cost of a dinner special. The main objective in owning a

restaurant or any business for that matter is to turn profit. Math allows you to

take a look at just how productive your restaurant is and what

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