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The markup for a $36.75 vial of antibiotic is 18%. What is the retail price for this medication?

a. $8.65.
b. $43.27.
c. $43.37.
d. $43.63.

User Rikonator
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1 Answer

3 votes

Final answer:

The retail price for the antibiotic after an 18% markup on the original price of $36.75 is $43.37.

Step-by-step explanation:

The student is asking about calculating the retail price of a medication after applying a certain percentage of markup. To find the retail price, one needs to calculate the markup in dollars and then add this to the original cost.

To calculate the markup amount: 18% of $36.75.

Markup = 0.18 × $36.75 = $6.615 (which can be rounded to $6.62 for currency).

Now, add the markup to the original cost to get the retail price:
Retail price = Original cost + Markup = $36.75 + $6.62 = $43.37.

Therefore, the correct answer is: b. $43.37.

User Menapole
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