If a pharmacy charges a 15% markup with a $4.95 fee on a cost of $3.87, what is the total retail price?

To determine the total retail price when a pharmacy applies a 15% markup on a product that costs $3.87, along with an additional fee of $4.95, we follow these steps:

1. Calculate the markup amount: First, we need to find out what 15% of the cost ($3.87) is. The markup can be calculated as follows:

[

\text{Markup} = 0.15 \times 3.87 = 0.5805

]

Rounding to two decimal places, the markup is approximately $0.58.

2. Add the markup to the original cost: Next, we add the markup to the original cost to find the price before the additional fee:

[

\text{Cost after markup} = 3.87 + 0.58 = 4.45

]

3. Include the additional fee: Now, we add the $4.95 fee to the price after the markup:

[

\text{Total retail price} = 4.45 + 4.95 = 9.40

]

Thus, the total retail price of