9514 1404 393
Answer:
a. $4.17
b. 233.3%
Step-by-step explanation:
a. The proportion the markup (m) is to the total (t) is ...
m : t = 7 : 10
The total is the cost (c) plus the markup, so we have ...
m : t = 7 : 10 = m : (m +c) = 7 : 7 +3
Then the ratio of total price to cost is ...
t : c = 10 : 3
The menu price of the pie slice will be ...
$1.25 × 7/3 ≈ $4.17
__
b. The ratio of markup to cost is ...
m : c = 7 : 3 ≈ 2.333 = 233.3%
