This PTCB Pharmacy Business Math Practice Test assesses knowledge in pharmacy business calculations, including turnover rates, formulary, and profit metrics. It is designed for those preparing for the PTCB certification, enhancing skills in practical pharmacy business management.
$2.73
$27.05
$27.50
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$30.00
$29.50
$29.05
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$15.00
$15.10
$15.01
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Product selling price that is substracted by all dispensing costs
Product selling price that is multiplied by all dispensing cost
Product selling price that is divided by all dispensing cost
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6.20 turns
6 turns
6.25 turns
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Amount added to the cost of goods to cover insurance
Amount added to the cost of goods to cover overhead and profit
Amount substracted to the cost of goods to cover overhead and profit
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A list of preferred drugs to be stocked by the pharmacy, also a list of drugs covered by an insurance company
A list of preferred drugs to be stocked by the pharmacy, also a list of drugs covered by an manufacturer company
A list of only brand name drugs to be stocked by the pharmacy, also a list of drugs covered by an insurance company
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$6.13
$6.00
$6.37
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Average price charged by pharmacies for a product, and most offer a discount
Average price charged by manufacturers for a product, and most offer a discount
Average price charged by wholesalers for a product, and most offer a discount
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$5.55
$4.55
$4.00
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Number of times a certain medication is being reordered and stocked in 2 years
Number of times a certain medication is being returned to manufacturer in one year
Number of times inventory has been replaced in one year
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Profit that has been made by selling a product a little more than what the company actually paid
Total annual profit that was made by selling products
Profit that the company lost during selling the products
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3.8 turns
4 turns
3.9 turns
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$13.1
$12.00
$12.70
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