Shaniqua's restaurant utilizes a product cost percentage pricing system. What should be the selling price for a steak dinner she sells if her total plate cost for the dinner is $7.00 and her desired product cost is 25%?

A. $28.00

B. $3.57

C. $10.00

D. $35.71

option (A) $28.00

Explanation:

Data provided in the question:

Total cost of Shaniqua's plate = $7.00

Desired product cost = 25%

Now,

Let the selling price for a steak dinner be 'x'

therefore,

[ (Total cost of plate) : (Selling price) ] * 100% = 25%

or

[ $7 : x] = 0.25

or

or

x = $7 : 0.25

or

x = $28

Hence,

correct answer is option (A) $28.00