In percent markup, the cost of ingredients is added to the cost of ingredients multiplied by the desired percentage of markup [cost of ingredients + (cost of ingredients ยด % of markup)]. What would the prescription price be in the following situation? A package of a certain drug costs $5.00. The pharmacist applies a 40% markup on cost.

A. $5.40
B. $6.40
C. $7.00
D. $7.40


Answer: C

Health Professions

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Fill in the blank(s) with the appropriate word(s).

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