Order Entry & ProcessingQuestion 93 of 100
A pharmacy acquires a product for $40.00 and applies a 25% markup on cost. What is the selling price?
a.$42.50
b.$45.00
c.$50.00
d.$53.33
Explanation
Markup on cost = $40.00 x 0.25 = $10.00, so the selling price is $40.00 + $10.00 = $50.00. Answering $53.33 comes from treating 25% as a margin on the selling price ($40.00 / 0.75) instead of a markup on cost.
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