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    Restaurants may need to have price information ready – even if diners don't want it

    The fixed price buffet might seem to tempt mega-eaters, but the reality is that such eaters are usually good publicity for restaurants.

    Synopsis

    Restaurants rarely disclose their food pricing methods, but various models exist. Some fish markets offer cooking services, where customers pay only for the cost of cooking. Buffets and food by weight restaurants have fixed prices, while some restaurants in tourist locations charge exorbitant prices for certain services, such as cutting birthday cakes. Tipping also plays a role in restaurant pricing, with digital payment systems making it easier for customers to add tips. Restaurants may need to provide explanations for their prices as the cost of commodities continues to rise.

    One of the purest forms of pricing food preparation is found in many fish markets. At the margins of the market there are often stalls where fish can be taken straight from purchase to get cooked for a small fee. The main ingredient is already paid for, seating is anywhere that can be found and cutlery is fingers. What you pay for is the cost of cooking, no more and no less. It might seem like an ideal restaurant interaction, but keep in mind
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    The Economic Times