In order to make money in the restaurant business, prime costs should generally be in the 60 percent to 65 percent range. How that breaks down between food and labor is less important than achieving a prime cost maximum that produces a satisfactory profit.
The standard mileage rate is by far the easiest to use. With the standard mileage rate, you take the deduction of a specified number of cents for every business mile you drive. The IRS sets the standard mileage rate each year. The 2017 Mileage Rate is 53.5 cents per mile. To figure out your mileage deduction, simply multiply your business miles by the standard mileage rate for the specific year. Example: Ed, a salesperson, drove his car 20,000 miles for business during 2017.
How To Determine Your Basic Service Rates. 9 thoughts on âHow To Determine Your Basic Service Ratesâ. I would charge mileage to the scene plus a flat fee for certain services. An unlock, gas call, jump start can be all at one rate say $40 plus $2 per mile after 5. Of course you should charge for gas (cost plus your desired margin) and tire change rates should vary with the level of difficulty. If itâs a bigger vehicle and takes you more time, or if there are circumstances that cause you to stay on scene longer than usual then charge more.