What is the mark up if I pay .89 cents for a pill and the hospital charges me $14.21

Question

What is the mark up if I pay .89 cents for a pill and the hospital charges me $14.21?

Answer 1

Hi Lena-

If you're asking about the precise markup value, then yes, it is $13.32.  

 

If, however, you're wondering what the percentage markup is, you would divide 13.32 by .89:

 

13.32

-------  x 100 = 1496.63%

.89

 

Hope this helps.

Answer 2

0. 89 c  = 0.0089      should be 89c = $ 0.89

 

   If for 89c charges $14.21

 

 

 then mark up is :

 

   $14.21 - 0.89 = $13.32 / about 15 times the original price, something is missing.