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Question:

The cost for a bottle of 100 test strips for a glucometer is $67.50. The overhead for the store is $3.50, and the store wants to make a net profit of $23.68. What should the selling price be?

A $94.68
Explaination

Answer = $94.68. Add the cost of the test strips ($67.50) to the overhead costs ($3.50) to obtain the total cost ($67.50 + $3.50 = $71.00). To calculate the selling price, add the total cost and net profit together to obtain the selling price: $71.00 + $23.68 = $94.68.