Johnreyodiongviz Johnreyodiongviz Economics Answered Directions: Given the following recipe (Gelatin) and its estimated cost, compute for the total purchase cost and impose a 50% markup to determine the selling price of your product.Item Price2 sachet Gulaman 40.002 cups of white sugar 25.00½ cup shredded buko 25.007 cups of coco milk 50.001 tsp. vanilla extract 5.001 cup evaporated milk 25.00TOTAL 165.00selling price is = total cost - price markup