Note: Beverage Cost Percent and Food Cost Percent are very similar ideas.
Introducing... The Beverage Cost Percent Triangle!
In Case You Didn't Notice... this is essentially the food cost triangle, except that we're dealing with volumes of liquids rather than weights of food items.
The Situation: is catering a dinner party for the organizers of Lebowski Fest and will be serving $200$ guests a White Russian cocktail. (Of course!) Each White Russian calls for $1.5$ fluid ounces of Kahlua. Due to the size and nature of the event, has decided to purchase $0.75$-liter bottles.
Some Questions of Interest
1) How many drinks can make from one bottle?
2) How many bottles of Kahlua should order?
3) If a bottle of Kahlua costs $\$20.56,$ what is the cost per drink?
4) If charges $\$4.95$ for each cocktail, what is the beverage cost percent?
5) Suppose we wanted a beverage cost percent of $18\%.$ How much would need to charge for each drink?