Business Calculations
A prescription for 21 capsules of amoxicillin (Amoxil) 250 mg has a selling price of $5.94. The acquisition cost for 21 capsules of amoxicillin is $1.41. Which of the following should a pharmacy technician identify as the gross profit?
$4.53
A pharmacy spent an average of $750,000 on inventory for the year. The cost of goods to the pharmacy for the same year totaled $1,375,452. Which of the following should a pharmacy technician identify as the inventory takeover rate?
1.8
A pharmacy purchases a medication for $65 but sells it for $90. Which of the following is the percentage markup on the cost?
38.5%
A pharmacy has an average sale of $1,635,544 for the year. The amount the pharmacy spent on inventory totaled $361,457. Which of the following should a pharmacy technician identify as the inventory turnover rate?
4.5
A pharmacy purchases a medication for $50 but sells it for $75. Which of the following is the percentage markup?
50%
A pharmacy technician should identify that which of the following terms indicates profit after expenses?
Gross margin
Which of the following statements explains the high inventory turnover rate at hospital pharmacies compared to retail pharmacies?
Hospitals stock a snall variety of medications within each therapeutic class
Which of the following is the formula for determining markup?
Markup = selling price - cost of goods sold
A pharmacy had $2,658,555 in total sales for the month of July. At the end of the year, the pharmacy totaled $168,258,444 in sales. The cost of goods sold in July totaled $1,635,985. Which of the following is the gross margin in July?
$1,022,570
A pharmacy purchased ninety 20-mg tablets of rivaroxban (Xarelto) for $834.77. The pharmacy sells the medication for $1,325 for 30 tablets. Which of the following should a pharmacy technician identify as the markup?
$1,046.60