valentinexmiro
Answered

At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Question 6 :
Janelle sells sandwiches She spends
$270 per sandwich on Ingredients and
then adds a 110% markup. What is the
selling price of one sandwich?

Sagot :

yinghuiyang1314

Answer:

$5.67

Step-by-step explanation:

$5.67

Markup refers to the amount added to the cost price to cover overheads and profit. So for example a 50% markup on a $10 product would mean adding 50% of $10 onto the sale price. As fractions can be written as decimals (50% = 0.5) and we are adding on the amount of markup to the initial cost we can also phrase this as 10 x 1.5 = 15  

For your question, the markup would become 1.1 and the initial cost is 2.7, remembering we must add 1 to the markup to cover the initial cost  

2.7 x 2.1 = 5.67  

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.