a pharmacy purchases five bottles of amoxicillin 250 mg weekly at a total price of $350. if the markup on cost is 20%, how much does the pharmacy charge per bottle?

$56
$70
$42
$84

Question

a pharmacy purchases five bottles of amoxicillin 250 mg weekly at a total price of $350. if the markup on cost is 20%, how much does the pharmacy charge per bottle?

$56
$70
$42
$84

Accepted Answer

{ "quality": "clear", "question_count": 1, "skills_matched": [ "step_cot", "multiple_choice_formatter", "explain_then_answer", "tutor", "mastery_adaptive_brevity" ], "needs_drawing": false, "concepts_used": [ "Markup Calculations", "Pharmacy Business Math" ], "new_concepts": [], "current_concepts": [ "Markup Calculations", "Pharmacy Business Math" ] } ## Calculate the cost price per bottle Using the *Pharmacy Business Math* knowledge point $$ \text{Cost per bottle} = \frac{\text{Total Cost}}{\text{Number of Bottles}} = \frac{\$350}{5} = \$70 $$ ## Calculate the selling price per bottle Using the *Markup Calculations* knowledge point $$ \begin{aligned} \text{Selling Price} &= \text{Cost per bottle} \times (1 + \text{Markup Percentage}) \ &= \$70 \times (1 + 0.20) \ &= \$70 \times 1.20 \ &= \$84 \end{aligned} $$

(A) $56

(B) $70

(C) $42

(D) $84

{ "subject": "Mathematics", "question_type": "Multiple Choice", "knowledge_point": [ "Mathematics", "Algebra", "Markup Calculations" ] }

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Question

Explanation:

Calculate the cost price per bottle

Calculate the selling price per bottle

Answer: