The $26 Way to Cook a $200 Steak Dinner
Flank steak, aka London Broil, has long been the budget-minded meat-eater's choice (it costs between $6 and $9 a pound), because it's easy to cook and tastes juicy and flavorful. Once you've purchased your meat (figure 12 ounces per person), pan-fry it over very high heat, so the outside is seared before the inside (which is thin) overcooks. Pull it off the stove when it's medium rare (usually 4 to 6 minutes per side), let rest for 10 minutes and slice thinly against the grain.
Average cost to feed 4 people: $19