Solutions for Pharmaceutical Calculations for Pharmacy Technicians, A Worktext, 3rd Edition by Moini (All Chapters included)
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Course
Pharmaceutical
Institution
Pharmaceutical
Complete Solutions Manual for Pharmaceutical Calculations for Pharmacy Technicians, A Worktext, 3rd Edition by Jahangir Moini ; ISBN13: 9780357765975.....(Full Chapters included and organized in reverse order from Chapter 16 to 1)...Chapter 1. Fundamentals of Math
Chapter 2. Celsius and Fahrenheit...
Pharmaceutical Calculations for
Pharmacy Technicians, A Worktext,
3rd Edition by Jahangir Moini
Complete Chapter Solutions Manual
are included (Ch 1 to 16)
** Immediate Download
** Swift Response
** All Chapters included
,Table of Contents are given below
Chapter 1. Fundamentals of Math
Chapter 2. Celsius and Fahrenheit Temperature Conversions
Chapter 3. Fractions and Decimals
Chapter 4. Ratios, Proportions, and Percentages
Chapter 5. Percentage of Errors Due to Equipment
Chapter 6. Ratio and Proportion Method
Chapter 7. Dimensional Analysis
Chapter 7. Dimensional Analysis
Chapter 8. Formula Method
Chapter 9. Concentrations
Chapter 10. Dilutions and Solutions
Chapter 11. Oral Medication Labels and Dosage Calculation
Chapter 12. Reconstitution of Powdered Drugs
Chapter 13. Parenteral Medication Labels and Dosage
Calculation
Chapter 14. Intravenous Flow Rate Calculations
Chapter 15. Pediatric Drug Administration
Chapter 16. Business Math for Pharmacy Technicians
,The Solutions Manual are organized in reverse order, with the last chapter
displayed first, to ensure that all chapters are included in this document.
(Complete Chapters included Ch16-1)
Solution and Answer Guide
MOINI, PHARMACEUTICAL CALCULATIONS FOR PHARMACY TECHNICIANS , ISBN: 9780357765975;
CHAPTER 16: BUSINESS MATH FOR PHARMACY TECHNICIANS
TABLE OF CONTENTS
Answer Key with Rationales for End-of-Chapter Questions..................................................................1
Test Your Knowledge ................................................................................................................................ 1
Critical Thinking......................................................................................................................................... 8
ANSWER KEY WITH RATIONALES FOR END-OF-CHAPTER QUESTIONS
TEST YOUR KNOWLEDGE
Choose the most correct answer from the choices provided.
1. Twice annually, your pharmacy department analyzes and reports the net profit of the business. When
calculating net profit, which of the following statements is true?
a. the average amount of time your pharmacy retains a product before it is sold.
b. the amount of time before a pharmaceutical expires.
c. Benefits paid for all pharmacy employees (i.e., health care, retirement account) must be calculated.
d. All of the above
Answer: d
Solution: Net profit is the gross profit (difference between the cost of goods and services and the total
reimbursement to the pharmacy for those goods and services) minus all overhead costs. Salaries and
bonuses paid to all pharmacy employees must be calculated. Benefits paid for all pharmacy employees
(i.e., health care, retirement account) must be calculated. The correct response is d.
2. Product turnover is best described as
a. the average amount of time your pharmacy retains a product before it is sold.
b. the amount of time before a pharmaceutical expires.
c. the amount of revenue a product generates by the time it is dispensed and sold.
d. the interest charge that the pharmacy pays for inventory purchased and not used.
Answer: a
Solution: Product turnover is best described as the average amount of time your pharmacy retains a
product before it is sold. The correct response is a.
1
, 3. Sales minus cost equals gross profit. What is the gross profit for a pharmacy whose sales total $199,991
and whose costs total $19,191?
a. $108,072
b. $108,000
c. $108,080
d. $180,800
Answer: d
Solution:
Gross profit Sales cost
Gross profit $199,991 $19,191 $180,800
The gross profit for a pharmacy whose sales total $199,991 and whose costs total $19,191 is $180,800.
The correct response is d.
4. The manufacturer’s average wholesale price is $1200 per unit of product. If the pharmacy purchases 24
units or more per year, the pharmacy will receive a 15% rebate. If the pharmacy purchases 12 units or
more, the rebate is 10%. What is the product’s actual cost if 15 units are purchased?
a. $14,400
b. $15,000
c. $1200
d. $1080
Answer: d
Solution:
Total cost 15 units $1200 per unit $18000
10
Rebate amount $18000 $1800
100
Cost $18000 $1800 $16200
$16200
Unit cost $1080
15
The product’s actual cost is $1080 per unit. The correct response is d.
5. Using the actual cost of $1080, what is the gross profit percent of the prescription sold to a patient with
an insurance program that pays the pharmacy as follows: average AWP minus 6% plus a $2 dispensing
fee?
a. 4.4%
b. 1.25%
c. 6%
d. 27%
Answer: a
Solution:
Amount received by the pharmacy per unit sold to a patient is
2
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