A patient does not have insurance, and the retail pharmacy adds a 20% markup to the medication cost. If the original price is $50, what is the total price the patient has to pay?

1) $60
2) $62.50
3) $66
4) $80

Question

18-05-2024
Business

High School

Thank you for visiting A patient does not have insurance and the retail pharmacy adds a 20 markup to the medication cost If the original price is 50 what. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!

A patient does not have insurance, and the retail pharmacy adds a 20% markup to the medication cost. If the original price is $50, what is the total price the patient has to pay?

1) $60
2) $62.50
3) $66
4) $80

Answer :

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Riffi11 Riffi11 · Answer 1 · 2025-03-10T22:37:25-04:00

Final answer:

The provided question is asking for the calculation of medication prices including a 20% markup for uninsured customers at a pharmacy. The costs can be calculated by multiplying the original price by 1.20 to add the 20% charge. This question offers real-world insight into healthcare costs and the impact of insurance.

Explanation:

It seems the question is pertaining to calculations related to pharmacy cost with an additional fee and it might be based on a percentage. Given that the pharmacy is adding a 20% surcharge to the cost of medicines for a patient without insurance, the total cost would be calculated by multiplying the original cost by 1.20 (representing the 100% original cost + the 20% charge).

For instance, if a medication costs $60, with an added 20% the new total would be $60 x 1.20 = $72. Other examples would follow the same formula, e.g., a $62.50 medication becomes $75, a $66 medication becomes $79.20, and an $80 medication becomes $96 after applying the 20% surcharge.

These computations help to account for insurance costs within the pharmaceutical industry and provide insights on pricing for uninsured customers.

Learn more about calculation of medication prices here:

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A patient does not have insurance, and the retail pharmacy adds a 20% markup to the medication cost. If the original price is $50, what is the total price the patient has to pay?1) $60 2) $62.50 3) $66 4) $80

Answer :

Final answer:

Explanation:

Other Questions

A patient does not have insurance, and the retail pharmacy adds a 20% markup to the medication cost. If the original price is $50, what is the total price the patient has to pay?

1) $60
2) $62.50
3) $66
4) $80