Business Calculations Practice
Questions and Verified Answers.
Your pharmacy's income is $1,654,225 and has the following overhead. What is your pharmacy's net
profit?
Pharmacist Salary $235,000
Technician Salaries $ 75,000
Rent $ 14,000
Utilities $ 5,000
Maintenance $ 3,000
Liability Insurance $ 4,500
Business Insurnace $ 4,500
Drug Purchases $625,000 - Answer $688,225
Which definition best describes cost? - Answer Amount a pharmacy pays for a drug
The AWP for ninety tablets of Savaysa 60 mg is $997.92. If your pharmacy's retail price price is AWP plus
an $8.00 dispensing fee, what will be the retail price for thirty Savaysa 60 mg tablets. - Answer $340.64
Which term is the price the business charges a customer for a product? - Answer Selling Price
Your pharmacy's initial inventory value was $132,460, and the ending inventory value was $86,235.
What's your pharmacy's average annual inventory? - Answer $109,347.50
The pharmacy's cost for Tradjent 5 mg #60 is $575. The selling price for 60 tablets is $705. What is the
markup percent? Round up to the nearest perventage. - Answer 23%
Your pharmacy's initial inventory was $115,300, and your ending inventory is $65,000. The pharmacy's
cost of goods sold was $700,000. What is the ITOR? Round to the nearest tenths place. - Answer 7.8
Questions and Verified Answers.
Your pharmacy's income is $1,654,225 and has the following overhead. What is your pharmacy's net
profit?
Pharmacist Salary $235,000
Technician Salaries $ 75,000
Rent $ 14,000
Utilities $ 5,000
Maintenance $ 3,000
Liability Insurance $ 4,500
Business Insurnace $ 4,500
Drug Purchases $625,000 - Answer $688,225
Which definition best describes cost? - Answer Amount a pharmacy pays for a drug
The AWP for ninety tablets of Savaysa 60 mg is $997.92. If your pharmacy's retail price price is AWP plus
an $8.00 dispensing fee, what will be the retail price for thirty Savaysa 60 mg tablets. - Answer $340.64
Which term is the price the business charges a customer for a product? - Answer Selling Price
Your pharmacy's initial inventory value was $132,460, and the ending inventory value was $86,235.
What's your pharmacy's average annual inventory? - Answer $109,347.50
The pharmacy's cost for Tradjent 5 mg #60 is $575. The selling price for 60 tablets is $705. What is the
markup percent? Round up to the nearest perventage. - Answer 23%
Your pharmacy's initial inventory was $115,300, and your ending inventory is $65,000. The pharmacy's
cost of goods sold was $700,000. What is the ITOR? Round to the nearest tenths place. - Answer 7.8
