Conditionally formatting kendo grid column issue with if statement in template

I am running into an issue trying to add a percentage sign to my value in one of my columns in the kendo grid using a template, what I am using is..

template: "#if(Markup != null){ #=kendo.format('{0:p}', Markup / 100)# }#"

So if the Markup value is not null then I want it to show the percentage sign, but when I run the grid all I get returning is my column is

=kendo.format('{0:p}', Markup / 100)

In this case, I like to use template as a function:

template: function(item) {
    if(item.markup) {
        return kendo.format('{0:p0}', item.markup / 100);
    }

    return item.name;
}

Simple example: template as a function

Or you can use it your way:

template: "#= data.markup ? kendo.format('{0:p}', data.markup / 100): 'N/A' #"

Dojo: inline template

NOTE:

"#if(Markup != null){ #=kendo.format('{0:p}', Markup / 100)# }#"
                       \--- this hash closes script, 
                            everithing after that is string.
                            Thats why you see
                            =kendo.format('{0:p}', Markup / 100) in grid