question 27

a pharmacy technician is pricing a medication that costs the pharmacy \$40 per bottle. if the pharmacy applies a 25\% markup on cost, what will be the retail price charged to the patient?

\$48.00
\$45.00
\$50.00
\$55.00

Question

question 27

a pharmacy technician is pricing a medication that costs the pharmacy \$40 per bottle. if the pharmacy applies a 25\% markup on cost, what will be the retail price charged to the patient?

\$48.00
\$45.00
\$50.00
\$55.00

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" ], "new_concepts": [], "current_concepts": [ "Markup Calculations", "Pharmacy Business Math" ] } ## Identify the given values and formula Using the *Markup Calculations* knowledge point $$ \begin{aligned} &\text{Cost} = \$40\ &\text{Markup Percentage} = 25\% = 0.25\ &\text{Retail Price} = \text{Cost} \times (1 + \text{Markup Percentage}) \end{aligned} $$ ## Calculate the retail price Using the *Markup Calculations* knowledge point $$ \begin{aligned} &\text{Retail Price} = 40 \times (1 + 0.25)\ &\text{Retail Price} = 40 \times 1.25\ &\text{Retail Price} = 50 \end{aligned} $$

(A) $48.00

(B) $45.00

(C) $50.00

(D) $55.00

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

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Question

Explanation:

Identify the given values and formula

Calculate the retail price

Answer: