The Ultimate Business Math Test Quiz #3

Explanation
The retail cost of 60 tablets of Ibuprofen can be calculated by first finding the cost per tablet and then multiplying it by the number of tablets. The cost per tablet can be found by dividing the total cost of 500 tablets ($200) by the number of tablets (500), which gives $0.40 per tablet. Then, the retail cost of 60 tablets can be found by multiplying the cost per tablet ($0.40) by the number of tablets (60), which equals $24.00. However, since there is a 20% mark-up, the final retail cost will be 20% higher than $24.00, which is $28.80. Therefore, the correct answer is $28.80.

Explanation
If a bottle of antacid costs $2.25, the retail price for 20 bottles can be calculated by multiplying the cost of one bottle by the number of bottles. Therefore, $2.25 multiplied by 20 equals $45.00.

Explanation
The wholesale price of drug 'H' is $1620.00 per/1000. The customer is ordering #30 of drug 'H', so the cost of the drug without markup or fees would be $1620.00 * (30/1000) = $48.60. The pharmacy adds a 25% markup over wholesale, so the cost with markup would be $48.60 + ($48.60 * 0.25) = $60.75. Additionally, a dispensing fee of $5.82 is charged per order, so the final cost would be $60.75 + $5.82 = $66.57. Therefore, the correct answer is $66.57.

Explanation
The full price of 90 tablets of "Drug Y" can be calculated by first determining the cost per tablet. The cost for 500 tablets is $425.00, so the cost per tablet is $425.00 / 500 = $0.85.

Next, we need to apply the 28% markup. The markup is calculated by multiplying the cost per tablet by 28% (or 0.28). So the markup per tablet is $0.85 * 0.28 = $0.238.

Now we add the markup per tablet to the cost per tablet to get the selling price per tablet. $0.85 + $0.238 = $1.088.

Finally, we multiply the selling price per tablet by the number of tablets (90) and add the dispensing fee ($4.85) to get the full price. $1.088 * 90 + $4.85 = $102.77.

Therefore, the correct answer is $102.77.

Explanation
The gross profit can be calculated by subtracting the total drug costs from the total sales receipts. Therefore, the gross profit is $93,545 - $75,454 = $18,091. The overhead can be calculated by subtracting the net profit from the gross profit. Therefore, the overhead is $18,091 - $5,545 = $12,546.

Explanation
The pharmacy purchased the crutches for $53 and marked them up by 55 percent. To calculate the markup, we multiply $53 by 55 percent (or 0.55), which gives us $29.15. Adding this markup to the original cost of $53, we get $82.15.

However, the patient will also have to pay sales tax, which is 6 percent of the selling price. To calculate the sales tax, we multiply $82.15 by 6 percent (or 0.06), which gives us $4.93. Adding this tax to the selling price, the patient will have to pay a total of $82.15 + $4.93 = $87.08 for the crutches. Therefore, the correct answer is $87.08.

Explanation
The pharmacy purchased the 100-tablet bottle of the new cardiovascular drug for $440. With a 20% markup based on acquisition cost, the pharmacy would sell the bottle for $528. Since there are 100 tablets in the bottle, the cost per tablet would be $528/100 = $5.28. Therefore, 30 tablets would cost a patient 30*$5.28 = $158.40.

Explanation
The markup can be calculated by subtracting the cost price from the selling price. In this case, each tube of ointment is sold for $3.55 and the pharmacist purchased a dozen tubes for $18.00. Therefore, the cost price of each tube is $18.00 divided by 12, which is $1.50. Subtracting the cost price of $1.50 from the selling price of $3.55 gives a markup of $2.05. Therefore, the correct answer is $2.05.