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Calculating Retail Prices in Pharmacy

Calculating Retail Prices in Pharmacy

Assessment

Interactive Video

Mathematics

9th - 10th Grade

Hard

Created by

Thomas White

FREE Resource

The video tutorial explains how to calculate the retail price of a prescription based on a given wholesale price. It involves determining the cost per tablet, applying a 30% markup, and adding a professional fee. The tutorial provides a step-by-step approach to solving the problem, emphasizing the importance of each step in reaching the final retail price.

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the basis for calculating retail prices in the pharmacy?

20% above the average wholesale price

30% above the average wholesale price

50% above the average wholesale price

40% above the average wholesale price

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What additional fee is added to the retail price?

$3 professional fee

$6 professional fee

$4 professional fee

$5 professional fee

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you calculate the average wholesale cost per tablet?

Subtract the number of tablets from the total cost

Add the total cost to the number of tablets

Divide the total cost by the number of tablets

Multiply the total cost by the number of tablets

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the average wholesale cost per tablet if 250 tablets cost $55?

26 cents

24 cents

22 cents

20 cents

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in calculating the retail price?

Determine the number of tablets

Calculate the average wholesale cost per tablet

Add the professional fee

Apply the markup percentage

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many tablets are in the prescription that needs to be dispensed?

95 tablets

90 tablets

80 tablets

85 tablets

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total wholesale cost for 90 tablets?

$21.80

$18.80

$19.80

$20.80

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