A liquid drug for oral administration costs $20.00/pint. The pharmacy technician calculates that it costs $5.00 to dispense one bottle's entire contents. If a 15% profit is desired, what selling price is required for the pint bottle?
$20.50
$24.75
$28.75
$31.50
$28.75
Rationale: In this example, the selling price for the pint bottle is $28.75 . It is calculated as follows: Purchase price + Dispensing cost = Overall cost. $20 + $5 = $25 . Overall cost multiplied by 0.15 = Net profit. $25 x 0.15 = $3.75 . Overall cost + Net profit = Selling price. $25 + $3.75 = $28.75.
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