2) 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.

Answer 1

To determine the selling price per bottle with a 50 percent markup, you need to calculate the selling price based on the cost to the store.

1. Cost of the beverage: $1.00
2. Markup percentage: 50%

Calculate the selling price:

• Markup amount = Cost × Markup Percentage
• Markup amount = $1.00 × 0.50 = $0.50

Now, add the markup to the cost to find the selling price:

• Selling Price = Cost + Markup Amount
• Selling Price = $1.00 + $0.50 = $1.50

Therefore, consumers pay the store $1.50 per bottle.