When items on a menu are listed as (MARKET PRICE), what determines what that price is going to be that day?

Question

Will a lobster in Montana cost the same as one in Missouri?

In: 0

Answer 1

I was a chef for 15 years, and it’s based on food cost. Restaurants typically run at 25-30% food cost for their ingredients, however, fresh seafood prices (especially crab and lobster) can fluctuate a lot in just a day or two. So, if the restaurant is getting lobster tails at $10, you can expect to pay around $40 or so.