If a prescription drug costs 35.00 and retails for 50.00, what is the percentage of markup? 13 28 ...

43

Rationale: If a prescription drug costs 35.00 and retails for 50.00, the percentage of markup is 43. This is calculated by subtracting 35.00 from 50.00, which leaves 15.00 . This is the markup amount, so divide it by the drug's cost. 15.00 divided by 35.00 = 0.428 (rounded). Therefore, 0.428 x 100 will give you a percentage of 43.

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12.66

Rationale: The turnover rate of 12.66 is correct for a pharmacy when the inventory value is 225,000 and the pharmacy has sales of 2,850,000 . It is calculated by dividing total sales (2,850,000) by the inventory value (225,000) = 12.66.