Question

Question 10: Each tablet in a bottle of 30 costs the pharmacy $4.60. The pharmacy has additional costs including supplies and shipping of $1.40 per pill. If a 12% profit is desired, how much would the pharmacy charge for entire bottle?

Answer 1

The pharmacy should charge $201.6 for the entire bottle

Cost price refers the  price the seller bought the product

Selling price refers to the price the seller sells to the consumer.

Profit refers to the money earned by the seller above the cost price

Loss refers to the money paid by the seller above the cost price.

Profit= SP-CP

CP=30X$4.60=$138

TOTAL EXPENSES=$138+30X$1.40

                                = $180

FOR PROFIT OF 12%,the seller must sell in= $180(1+12/100)

                                                                         =$201.6

Therefore,the pharmacy should charge $201.6 for the entire bottle to make a profit of atleast 12%

Learn more about profit and loss,

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