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In Reply to: Price of Brisket posted by Harold in Alaska on March 09, 2012 at 06:19:11:
I've been working with some 6th grade students on comparative annalysis, so I had them work this problem out mathmatically.
A 12 oz. Ribeye at Applebees is going to run someone 18.00 bucks.
Amana strip steak sold by the pound at Hy-vee in a recent flyer was $6.00
For your sandwhich you are wanting to charge $1.34 an ounce. That would be $7.40 for a 5.5 ounce sandwhich. I'm guessing for Alaska your price for a 1/2 pound of specialty cooked meat like brisket is in the ball park.
In the same sense we could go to Hy-vee puchase a cut of strip steak for 37.5 cents per ounce. If Applebees used Hy-vee for their supplies, their steak would cost them $4.50 to serve. they would be charging $1.50 per ounce, or $12.00 for an 8 ounce
Of course all this is here in Iowa, We know Alaska and other areas of the country will be much different. and I will add a disclaimer that we understand there are other factors at play, cost of buying in Bulk, Strip steak is not really a ribeye, however I'm betting it commonly replaces a ribeye in some restaurants, yes we know applebees won't use Hy-vee for a supplier, and we realize Applebees is also giving veggies or baked potato and probably bread or something. In any case it was a fun problem to work on.
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