Food Truck Menu Pricing Calculator
Item pricing from food cost percentage and overhead.
About this calculator
This calculator works backward from a target food cost percentage to a menu price, the same method restaurants and food trucks use to price a plate rather than just guessing a round number. It first adjusts your raw ingredient cost upward for expected waste and spoilage (ingredient cost multiplied by 1 plus the waste percentage), then adds packaging cost to get total plate cost. The recommended menu price is plate cost divided by your target food cost percentage expressed as a fraction — so a $3.85 plate cost at a 30% target food cost yields a price a little under $13, because plate cost is meant to represent 30% of the final price, not 30% added on top. From there it also reports what your actual food cost percentage would be if you priced at your competitor's price instead, letting you see immediately whether matching the competitor would run your food cost dangerously high or leave you room below target.
Profit per item, and daily revenue/food cost/profit at your expected volume, all follow directly from the recommended price. Industry-standard food cost targets for food trucks run 28-32%, tighter than many sit-down restaurants because trucks carry lower labor and rent overhead but still need margin for fuel, permits, and generator costs a fixed kitchen doesn't have. The waste/spoilage percentage matters more than it looks — a well-run truck holds this to 3-5%, but pushing it to 15-20% (over-portioning, tossing unsold prep) can move effective food cost several points above target even if recipe costing was accurate on paper. If the calculated price comes in well above competitors, the fix is almost always to reduce ingredient cost or tighten portions — not to accept a lower margin, since food cost above target eats directly into a food truck's thin margins.
Inputs
Results
Recommended menu price
$13.42
How to Use This Calculator
- Enter the total ingredient cost per serving and your target food cost percentage (28–32% is industry standard).
- Set packaging cost per serving and expected waste/spoilage percentage.
- Enter expected daily volume and your competitor's price for a similar item.
- The calculator shows recommended menu price, total plate cost, gross profit per item, food cost at competitor price, and daily revenue and profit for this item.
- If recommended price exceeds competitor price, reduce ingredient cost or portion size to close the gap.
How the result changes with Target food cost (%)
| Target food cost (%) | Recommended menu price |
|---|---|
| 15 | $26.83 |
| 23 | $17.50 |
| 45 | $8.94 |
| 75 | $5.37 |
What each input means
- Ingredient cost per item ($)
- Total raw ingredient cost for one serving.
- Target food cost (%)
- Target food cost percentage. Industry standard: 28-32% for food trucks.
- Packaging cost ($)
- Cost of container, utensils, napkins per serving.
- Waste/spoilage (%)
- Expected food waste and spoilage percentage. Well-managed: 3-5%.
- Expected daily volume
- Number of this item sold per day.
- Competitor price ($)
- What nearby trucks/restaurants charge for a similar item.
What each result means
- Recommended menu price
- Price needed to hit your target food cost percentage.
- Total plate cost
- Ingredient cost (with waste) plus packaging per serving.
- Gross profit per item
- Revenue minus plate cost for each item sold.
- Food cost at competitor price
- Your actual food cost % if you match the competitor's price.
- Daily revenue (this item)
- Projected daily revenue at recommended price.
- Daily food cost (this item)
- Total daily ingredient and packaging cost.
- Daily gross profit
- Daily revenue minus food cost for this item.
- vs. competitor price
- How your calculated price compares to competitor. Negative = you're cheaper.
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersIngredient cost per item ($) = 3.5, Target food cost (%) = 30, Packaging cost ($) = 0.35, Waste/spoilage (%) = 5 = 6 input(s) provided
- Calculate Recommended menu priceRecommended menu price = plateCost / (targetFoodCostPct / 100)13.42 = $13.42
- Calculate Total plate costTotal plate cost = adjustedIngredientCost + packagingCost4.03 = $4.03
- Calculate Gross profit per itemGross profit per item = calculatedMenuPrice - plateCost9.39 = $9.39
Engine last updated . Checked against 2 independently-derived tests — how we verify calculators. Built by Paul Gunder, a software engineer, not a licensed financial, medical, or legal professional.
Frequently Asked Questions
Why does the calculator divide plate cost by the target food cost percentage instead of multiplying?
Target food cost percentage describes what share of the final menu price the plate cost is supposed to represent, not a markup added on top. Dividing plate cost by that percentage (expressed as a fraction) solves for the price where plate cost equals exactly that share — for example, a $3.85 plate cost at a 30% target works out to roughly $12.83, since $3.85 is 30% of $12.83.
How much does the waste/spoilage percentage actually move my recommended price?
It's applied directly to ingredient cost before packaging is added, so a higher waste percentage raises plate cost and therefore the recommended price proportionally. A well-run truck holding waste to 3-5% keeps this effect small, but letting it drift to 15-20% through over-portioning or unsold prep can push plate cost — and the price needed to hit your target — up by several percentage points even if your recipe costing was accurate.
What does 'food cost at competitor price' actually tell me?
It shows what your food cost percentage would be if you priced this item at your competitor's price instead of your calculated one — plate cost divided by competitor price. If that number comes out well above your target (say, above 35-40% when you're aiming for 30%), matching the competitor would erode your margin, and you're better off differentiating on something other than price.
What's a realistic target food cost percentage for a food truck?
Industry-standard targets run 28-32% for food trucks, tighter than many sit-down restaurants because trucks carry lower labor and rent overhead but still need margin to cover fuel, permits, and generator costs that a fixed kitchen doesn't have. Staying within that range while keeping waste low is usually more sustainable than chasing a lower food cost percentage by cutting portion sizes.
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