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Dr . Henry is analyzing the profitability of his medical practice based on 1 2 months of data. Dr . Henry's medical facility average cost

Dr. Henry is analyzing the profitability of his medical practice based on 12 months of data. Dr. Henry's medical facility average cost is $250.00. The goal of covering costs and providing a profit requires a profit margin of 25% from insurance reimbursement. What should the dollar amount be for Dr. Henry to make a profit?
a. $300.00
b. $312.50
c. $350.00
d. $350.50
please provide formula for determination

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