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Pharmacy Business math

by J

Patient pays $22 for a 10ml vial . If the pharmacy charged 32 percent Markup and $6.50 dispense fee. What was the pharmacy original cost?

Comments for Pharmacy Business math

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answer to this question
by: Anonymous

the original cost is $8.46

Math
by: Eva

First, take away the dispensing fee:
(22 - 6.50) = 15.50

Then divide that by one plus the markup percentage.
15.50 / 1.32 = 11.742424

Orig cost= $11.74

Remember when working with decimals in monetary transactions, to round to the nearest hundredth.

I don't get it
by: Anonymous

I still don't know how you got the answer.

ITS EASY
by: p

22-6.50=15.50
(15.50*32/100=4.96
15.50-4.96=10.54

1.32!!
by: Anonymous

plz could you explain how the 1.32 came?

confused
by: tatiana

Why each person have a different answer??...

C'est pas possible.
by: Anonymous

Which answer should i go for because i thought u had to go like this: 22-6.50 is 15.50
15.50*0.32 is 4.96
I believe the original cost should be $4.96.
**/

I might have did it completely wrong.
by: Btanggg

I got…

$22 x .33 = $7.26

$22.00+$7.26= $29.26

$29.26+$6.50= $35.76

How to get answer
by: Anonymous

Which answer is correct, and please show me the steps?

pharmacy cost caluclation
by: Anonymous

22 x .32 = 7.04
$7.04 is the markup amount
22 - 7.04 = 14.96
14.96 - 6.50 = 8.46
$8.46 pharmacy cost

correct answer
by: Anonymous

32% of $22= $7.04
[22 ×.32]

$7.04 + $6.50= $13.54

$22-$13.54= $8.46

ORIGINAL COST BEFORE THE DISPENSE FEE AND THE 32% IS $8.46

correct answer
by: Anonymous

ITS EASY
by: p

22-6.50=15.50
(15.50*32/100=4.96
15.50-4.96=10.54

My Answer
by: Anonymous

I did 22.00-7.04 (Markup)- 6.50 =8.46 original cost

like this
by: Anonymous

it costs $22 with a 32% mark up so

Multiply 22 x 0.32 to get 7.04

with that you go back and add it to the 22 dollars because its a mark up the 7.04 was just how much the percentage equaled out so
22+7.04= 29.04

leave the fee till the end as if its tax
and so add it to them now

29.04+6.50=$35.54

here you go
by: Toman

11.74 USD

X + X(32%) + 6.50 = 22 USD

X (1) + X (0.32) = 22 - 6.5

X (1.32) = 15.5

X = 15.5/ 1.32 = 11.74USD

I think this is the correct answer
by: Anonymous

$22- $6.50 (dispensing fee) = $15.5

It would only make if the dispensing fee wasn't included in the markup because its a fee.

$15.5x 0.32 = $4.94

Reason for converting the percentage into a decimal was so I would find out how much a 32% mark up was added to the pharmacy price.

So lastly you would subtract the two numbers.

$15.5- $4.96 = $10.54 being the pharmacy price.


Toman is correct.
by: Anonymous

$11.74 + ($11.74 x .32) + $6.50 = $22.00

22 /0.32%, not 1.32%
by: Ptmike1955

22 X 0.32% = $7.04; 22- 7.04 = 14.96
14.96 - 6.50( processing fee) = $8.46 original cost

The Correct Answer will cross check
by: Jerry

**ONLY Eva and Toman are right. To verify, just take any of the answers and work the problem the to get the retail price.**

1. Take an answer - Let's try Ptmike1955's answer

$8.46

2. Add the markup to the orig cost only (there's no markup in dispensing fees)

$8.46 x 0.32 = $2.71

$8.46 + $2.71 = $11.17

3. Now add in dispensing fees

$11.17 + $6.50 = $17.67

- If it doesn't add up to $22, It's wrong

**Now, let's try Eva and Toman's answer**

1. Take an answer - Let's try Eva and Toman's answer

$11.74

2. Add the markup to the orig cost only (there's no markup in dispensing fees)

$11.74 x 0.32 = $3.76

$11.74 + $3.76 = $15.50

3. Now add in dispensing fees

$15.50 + $6.50 = $22.00

- This answer checks out !

EVA is RIGHT
by: Anonymous

subtract 6.6 from 22, which gives 15.5
but because it is a mark up, you add 1 + .32, which is the same as 32%. Now you divide 15.5 by 1.32=11.74

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