Los Zarzales have a menu at 18 Euros plus the vat from 12 noon till 10.30pm and also one 12noon till 3.30pm at 11.50 Euros plus the vat. Sampled the latter, will report!
Whether the former will be on in high season remains to be seen.
Hotel Galeon has a menu at 18 Euros incl vat , wine and water. Didn't say on the board whether that ran in to evening but for those resident out that way, I imagine it'd be pretty ok.
Hotel Miramar does a set menu which can be taken, as non resident, either inside or outside on the terrace, a great place for people watching. 19 Euros plus vat, plus drinks and for about 15 Euros a perfectly drinkable wine available, quite a few Mallorcan.
Four starter choices or fruit juice, choice of a fish, a meat, a chicken or a vegetarian for mains and dessert choice incl a cheese selection, has to be something there for everyone, menu changes daily. And sampled here too, again will report.
Also for people watching ,the Sis Pins does a three course meal with a glass of wine for 17 Euros, vat incl I think. Saw plenty going for it, as the setting on a pleasant night is great and not everyone has the desire or confidence to go in for Spanish or Mallorquin food. Hotels like that offer a comfort factor for some.
It seems to me following a recent visit, in this year of the falling £, that , early season at least, there are plenty of eateries offering MDD, at a wide range of prices and no one should concern too much about excessive dining out costs.
And I noted particularly in Calle Virgin del Carmen (Tots etc) that is a right hotbed of competition!
Enjoy!