Question

One rule of thumb in the fast-food restaurant business is a "4 times markup": The price of a food item should be four times the price of the ingredients used in making the item. If the cost of ingredients used in making a taco is 1.5 dollars, what should be the price of the taco?

Answer 1

The price of taco should be $6

Explanation:

The rule is that the price of a food item should be four times the price of the ingredients used in making the food item.

mathematically,

`y = 4x`

where
`y` is the price of the food item

`x` is the price of the ingredients

If the price of ingredients for making taco is 1.5 dollars

price of taco = ?

substituting into the equation

`y` = 4(1.5) = $6