Massachusetts Pharmacy Technician License Practice Test

If you have a $1.75 dispensing fee and a 40% markup on a whole price of $120 for 10 sildenafil, what will the retail price be?

1. $140.00

2. $169.75

3. $180.00

4. $200.00

The correct answer is: $169.75

To find the retail price of the medication, you need to account for both the dispensing fee and the markup applied to the wholesaler price. First, calculate the markup. With a wholesaler price of $120 and a 40% markup, you would calculate the markup amount as follows: Markup amount = Wholesaler price × Markup percentage Markup amount = $120 × 0.40 = $48 Next, add the markup to the wholesaler price to determine the total cost before including the dispensing fee: Total cost before dispensing fee = Wholesaler price + Markup amount Total cost before dispensing fee = $120 + $48 = $168 Now, incorporate the dispensing fee of $1.75: Retail price = Total cost before dispensing fee + Dispensing fee Retail price = $168 + $1.75 = $169.75 Thus, the retail price of the 10 sildenafil is $169.75. This thorough calculation demonstrates how the markup and dispensing fee are influenced in the determination of the final retail price for the medication.