Which of the following is the markup rate for a drug that costs $23.88 and retails for $31.88?
14%
16%
18%
25%
18%
Rationale: The markup rate for a drug that costs $23.88 and retails for $31.88 is 18%. This is calculated as follows: Retail price ($31.88) minus Cost ($24.88) = $7.00 . Divide the markup by the cost and multiply by 100: ($7.00 / $24.88) x 100 = 18%.
You might also like to view...
The section of a drug monograph describing the visual elements of the drug and packaging as well as its basic chemical structure is called the:
A) Contraindications. B) Dosage. C) Description. D) Indications and usage.
A plaintiff is kept from suing a governmental entity unless that entity consents to the lawsuit by which of the following?
a. Governmental immunity b. Governmental liability c. Governmental publicity d. Governmental productivity
The juncture between two communicating neurons is the ____________________
Fill in the blank(s) with correct word
An immunoassay test searches for:
A. a gene. B. a platelet count. C. an infectious agent antibody. D. sera.