Question

Jade is interested in putting up a food business. As a start, she purchased
empanada for her to sell with a buying cost of P10.00. She wants to markup up the
selling price to 50%. How much is the peso markup of empanada? Analyze the
problem and solve using accurate formula.​

Answer 1

The markup of an empanada is 5 pesos.

Given:

Cost price of an empanada = 10 pesos

Markup = 50 %

To Find:

We need to find the markup price of the empanada

Solution:

Markup is the value that is charged over and above the cost price of an item.

Here, cost price = 10

Markup percentage = 50 %

⇒ value of markup = 50 % of 10

= 50/100 × 10

= 1/2 × 10

= 5

This means that the selling price will be 15 pesos.

Thus, the markup of an empanada is 5 pesos.

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