The cost for a bottle of 100 test strips for a glucometer is $63.00 . The overhead for the pharmacy is $2,85, and the pharmacy wants to make a net profit of $21.56 . What should the selling price be?
$74.56
$87.76
$91.25
$96.75
$87.76
Rationale: In this example, the selling price would be $87.76 . Add the cost of the test strips to the overhead costs to obtain the total cost. $63.35 + $2.85 = $66.20 . Then add the total cost and net profit together to obtain the selling price. $66.20 + $21.56 = $87.76.
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