A rule of thumb in the fast-food restaurant business is a "4 times markup." This means the price of a food item should be 4 times the price of the ingredients used in making the item. If the cost of ingredients used in making a cheeseburger is $1.50, what should be the price of the cheeseburger?

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To calculate the price of the cheeseburger based on the 4 times ma... View the full answer