Question

If selling price of a medicine os 4 time the cost price, then what is the profit % on the medicine​

Answer 1

Answer:

Your friend gives you Rs. 100 for a pen that you got for Rs. 90. You sell it to him and then buy a cricket bat from him for Rs. 3000. Later you find out that the bat was worth Rs. 2995. Did you lose money or did you make a profit? When you do a business transaction like selling things if you earn some amount in the transaction that amount is called the profit and if you lose some amount then it is called loss. Let’s compare some quantities with profit and loss.

Answer 2

Revenue generated from drug production in the United States has more than doubled in the past 10 years. In 2016 alone, the U.S. brought in more than $328.6 billion in prescription drugs sold in retail outlets.1 The major key to this high revenue is repetitive price increases.

Drug companies have an unusual abilit