1. Your retail pharmacy sells products at a 19% markup over wholesale plus a set dispensing fee of $6.59. The total retail cost at pickup for 100 tablets of a particular drug is $96.50. What is your pharmacy's wholesale cost per tablet?
A. $1.51
B. $0.76
C. $1.13
D. $0.50


2. Calculate the amount of change due from the following transaction:   

Non-Taxable items: $96.50
Taxable items: $0.75
Sales Tax: 7%
Amt. tendered: $100.00  

A. 2 $1 bills, 2 quarters, 1 dime, 2 nickels
B. 3 $1 bills, 2 quarters, 4 nickels
C. 2 $1 bills, 2 quarters, 2 nickels
D. none of the above


3. The wholesale cost of (90) 10 mg tablets of a particular drug is $126.39. Assuming our dispensing costs are $65.35 and our profit goal is 20%, what would be our retail price?
A. $142.27
B. $191.74
C. $230.09
D. $204.81


4. A 15 day supply of a particular medication retails for $260.30. Assuming an overall cost of $216.36, determine the markup rate.
A. 83%
B. 8%
C. 6%
D. 20%


5. Your pharmacy advertises a 22% discount on a particular cold medication. If this medication usually retails for $6.17, determine the discounted price.
A. $1.36
B. $4.81
C. $1.58
D. $4.59


6. Your pharmacy carries an average inventory of $58,536. You determine the annual purchases to be $190,569. What is your pharmacy's turnover rate?
A. 3.26
B. 4.48
C. 2.03
D. 0.80


7. What does the term "net profit" mean? 
A. Product selling price minus all dispensing costs
B. Product selling price times dispensing cost 
C. Product selling price divided by dispensing cost 
D. Product selling price plus all dispensing cost


8. Your pharmacy calculates the retail price of medication to be, the average wholesale price (AWP) less 14%, plus a set dispensing fee of $6.35, what then is the selling price for a prescription whose AWP is $36.50?
A. $30.15
B. $37.74
C. $17.81
D. $37.39


9. Your pharmacy bases its prices on AWP plus a professional fee as follows:      

AWP less than $25.00 = $3.00
AWP $25.01 - $50.00 = $6.00
AWP $50.01 - $75.00 = $9.00
AWP greater than $75.01 = $12.00

You receive a  prescription that reads: i tab qid x 30 days

The AWP for the particular drug is $265.25 for 1000 tablets. Calculate the retail price for this prescription. 
A. $43.83
B. $37.83
C. $34.83
D. $31.83


10. The cost of 100 tablets of a particular drug is $320.00. The percentage mark up on prescriptions is 15%. What would be the retail price of 30 tablets of the drug?
A. $110.00
B. $115.40
C. $110.40
D. $108.40


11. The retail prices for two prescriptions are $26.70 and $65.35. After receiving a 5% discount, the patient pays:
A. $92.00
B. $87.45
C. $87.05
D. $91.55


12. Calculate the amount of change due from the following transaction:   

Non-Taxable items: $3.99  
Taxable items: $26.35  
Sales Tax: 6%  
Amt. tendered: $35.00  

A. 3 $1 bills, 1 dime, 3 pennies
B. 2 $1 bills, 2 quarters, 2 dimes, 1 nickel, 3 pennies
C. 2 $1 bills, 2 quarters, 1 nickel, 3 pennies
D. none of the above


13. The wholesale cost of (30) 50 mg tablets of a particular drug is $96.35. Assuming our dispensing costs are $55.60 and our profit goal is 18%, what would be our retail price?
A. $135.26
B. $151.95
C. $179.30
D. $161.96


14. A 30 day supply of a particular medication retails for $159.00. Assuming an overall cost of $123.90, determine the markup rate.
A. 78%
B. 28%
C. 19%
D. 24%


15. Your pharmacy advertises a 40% discount on a particular cough medication. If this medication usually retails for $15.95, determine the discounted price.
A. $6.38
B. $15.55
C. $6.78
D. $9.57


16. Your pharmacy carries an average inventory of $78,350. You determine the annual purchases to be $350,000. What is your pharmacy's turnover rate?
A. 3.90
B. 5.36
C. 4.47
D. 2.68


17.  Your pharmacy bases its prices on AWP plus a professional fee as follows:      

AWP less than $25.00 = $2.00    
AWP $25.01 - $50.00 = $4.00    
AWP $50.01 - $75.00 = $5.00    
AWP greater than $75.01 = $6.00    

You receive a  prescription that reads: iii tabs tid x 10 days

The AWP for the particular drug is $56.90 for 250 tablets. Calculate the retail price for this prescription. 
A. $26.48
B. $24.48
C. $23.48
D. $20.48


18. What does the term "average wholesale price (AWP)" mean? 
A. Average price charged by pharmacies for a product
B. Average price charged by manufacturers for a product 
C. Average price charged by wholesalers for a product
D. Average price paid by customer for a product


19. Your pharmacy calculates the retail price of medication to be, the average wholesale price (AWP) less 19%, plus a set dispensing fee of $7.58, what then is the selling price for a prescription whose AWP is $96.10?
A. $88.52
B. $77.84
C. $85.42
D. $97.54


20. Your retail pharmacy sells products at a 24% markup over wholesale plus a set dispensing fee of $5.68. The total retail cost at pickup for 60 capsules of a particular drug is $56.90. What is your pharmacy's wholesale cost per capsule?
A. $1.38
B. $0.34
C. $1.03
D. $0.69