The Ultimate Business Math Test Quiz #3

10 Questions | Total Attempts: 246

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Business Math Quizzes & Trivia

Questions and Answers
  • 1. 
    If 500 tablets of Ibuprofen 200 mg cost $200 and the percentage mark-up on a prescription is 20, what wil be the retail cost of 60 tablets of Ibruprofin?
    • A. 

      $25.00

    • B. 

      $28.80

    • C. 

      $14.40

    • D. 

      None of these

  • 2. 
    If a bottle of antacid costs $2.25, what is the retail price for 20 bottles?
    • A. 

      $40.00

    • B. 

      $45.00

    • C. 

      $50.00

    • D. 

      None of these

  • 3. 
        Your pharmacy in Ohio adds a 25% Markup over wholesale on prescription drugs. Additionally, a dispensing fee of $5.82 is charged per order. The wholesale price of drug 'H' is $1620.00 per/1000. Local sales tax is 8.5%. A customer has presented an order for #30 drug 'H'. If they are paying cash, what will their final cost be upon pick-up?  Prescription drugs are exempt from sales tax in Ohio. 
    • A. 

      $60.75

    • B. 

      $66.57

    • C. 

      $72.23

    • D. 

      None of these

  • 4. 
    A patient presents a prescription for Ibandronate 150mg #3. Your pharmacy has a 25% markup and $5.66 dispensing fee. The wholesale price is $15.70 per tab. What will the retail price be for this prescription of the tablets.
    • A. 

      $58.88

    • B. 

      $47.10

    • C. 

      $69.25

    • D. 

      None of these

  • 5. 
    What is the full price of 90 tablets of "Drug Y", assuming your cost for 500 tablets is $425.00 with a 28% markup and a dispensing fee of $4.85?  
    • A. 

      $102.77

    • B. 

      $123.85

    • C. 

      $140.38

    • D. 

      None of these

  • 6. 
    The prescription department had the following monthly sales information: Net profit = $5,545 Total sales receipts = $93,545 Total drug costs = $75,454 What was the gross profit and the overhead for the month, respectively?
    • A. 

      $12,546 and $18,091

    • B. 

      $18,091 and $12,546

    • C. 

      $88,000 and $12,546

    • D. 

      $12,546 and $88,000

  • 7. 
    A pharmacy purchased crutches for $53 and sells them to a patient after marking them up 55 percent.  How much will the patient have to pay for the crutches if he purchased them in WV where the sales tax rate is 6 percent and he does not have a prescription for the crutches?
    • A. 

      $82.15

    • B. 

      $87.08

    • C. 

      $56.18

    • D. 

      None of these

  • 8. 
    A 100-tablet bottle of a new cardiovascular drug cost the pharmacy $440.  With a 20% markup based on acquisition cost, how much would 30 tablets cost a patient?
    • A. 

      $150.40

    • B. 

      $152.50

    • C. 

      $158.40

    • D. 

      None of these

  • 9. 
    A pharmacist purchases a box of a dozen tubes of zinc oxide ointment for $18.00.  What is the percent markup based on cost if a tube of the ointment sells for $3.55.
    • A. 

      137%

    • B. 

      37%

    • C. 

      167%

    • D. 

      67%

  • 10. 
    A pharmacist purchases a box of a dozen tubes of zinc oxide ointment for $18.00. What is the markup if a tube of ointment sells for $3.55.
    • A. 

      $1.50

    • B. 

      $2.05

    • C. 

      $14.45

    • D. 

      None of these

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