Question

1. the markup on a restaurant meal is 250%. a meal costs $7.25 to produce. how much will the customer be charged, after the markup, and then 5% gst are applied?

Explanation:

Step1: Calculate markup amount

Markup = $7.25 \times 2.50$
$7.25 \times 2.50 = 18.125$

Step2: Get price after markup

Price after markup = $7.25 + 18.125$
$7.25 + 18.125 = 25.375$

Step3: Calculate GST amount

GST = $25.375 \times 0.05$
$25.375 \times 0.05 = 1.26875$

Step4: Get final customer charge

Final charge = $25.375 + 1.26875$
$25.375 + 1.26875 = 26.64375$

Answer:

$\$26.64$ (rounded to the nearest cent)