Question

At a restaurant all the ingredients for a pizza cost $5.50. The owner of the restaurant marks the pizza up 35%. What is the cost of the pizza to the consumer?

Answer 1

Answer:

7.43

Step-by-step explanation:

If a pizza cost them 5.5$ to make, you mark it up by 35% and to do that you multiply 5.5 by 1.35 and you get 7.425 or 7.43

Answer 2

The cost of the pizza to the consumer is $1.925.

What does mark up mean?

The term mark-up means that the price of a certain product is increased. This is done to sell the product at a cost higher than the amount spent to acquire it or make it.

The cost of the pizza can be found by finding the value of 36% of $5.50 and this amount is added to the cost of making the pizza.

This can be done as shown below:

Mark-up price of the pizza = 35% of $5.50

= 35/100 * $5.50

= $1.925

This amount is added to the original cost of the pizza as shown below:

Cost of the pizza to the consumer = $5.50 + $1.925

= $7.425

Therefore, we have found that the cost of the pizza to the consumer is $7.425

Learn more about mark-up here: https://brainly.com/question/1153322

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