Question
The local convenience store buys Blueberry Fizz, a cold beverage, in 2-liter plastic bottles for $1.00. They use a 50 percent selling price markup, meaning that consumers pay the store ________Blank per bottle.
Answers
GPT-4o mini
To find the selling price per bottle after a 50 percent markup, you can follow these steps:
1. **Determine the cost price**: The store buys Blueberry Fizz for $1.00 per bottle.
2. **Calculate the markup amount**:
- The markup is 50% of the cost price.
- Markup = 50% of $1.00 = 0.50 × $1.00 = $0.50.
3. **Add the markup to the cost price** to find the selling price:
- Selling Price = Cost Price + Markup = $1.00 + $0.50 = $1.50.
Therefore, consumers pay the store **$1.50** per bottle.
1. **Determine the cost price**: The store buys Blueberry Fizz for $1.00 per bottle.
2. **Calculate the markup amount**:
- The markup is 50% of the cost price.
- Markup = 50% of $1.00 = 0.50 × $1.00 = $0.50.
3. **Add the markup to the cost price** to find the selling price:
- Selling Price = Cost Price + Markup = $1.00 + $0.50 = $1.50.
Therefore, consumers pay the store **$1.50** per bottle.