Business Math Numerical (calculations-6)
Business Math Numerical (calculations-6)
1. Total sales of prescription drugs are $210,000 and cost of drugs is 180,000. What is the
gross profit and gross profit in percentage?
+ 30,000 $ and 14.5 %
2. The cost of goods sold is $150,000. The inventory at the start of year was $25,000 and at
the end of year was 50,000. What
inventory turnover rate?
Answer: 4
3. In continuation with previous Question, the turn over rate was 6 last year. What is the
difference in tum over rate?
Answer: 2
4, The following figures appearing on the balance sheet.
Cost of goods sold $500,000; Beginning inventory $200,000; Ending inventory $220,000;
Total current assets $150,000; Total fixed assets $40,000; Total liabilities $75,000
Calculate Inventory turnover rate and Net worth of pharmacy
Answer: 2.3 and $115,000
5. Total sales is = $530,000; Cost of goods sold = $350,000. What is % of gross margin?
Answer: 33%
6. Cost of goods sold is $2,000,000; Start of year inventory capital $400,000; End of year
inventory capital is $600,000. What is the turnover rate?
Answer: 4
7. A mouthwash sells for $29.99. The mark up on cost is 50%. What is the cost of
mouthwash?
Answer: 19.99 $
8. A customer buy 12 bottles of mouth washes and cost of each bottle cost is $15. However,
due to bulk purchase, the customer gets one bottle free. How much a customer saves on each
bottle?
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Answer: 1.15 $
Hint: Actual Price of 12 bottles: 180 §. In new Scheme, price of 13 bottles
is 180 §. So under
new Scheme, price of one bottle is 13.84 $. Price of one bottle without scheme is 15 S.
Saving per bottle is 1.15
9. In a scheme, on purchasing ten dozen (120) bottles of Tylenol, you will receive one dozen
(12) additional bottles free. If the regular unit cost is $2.99, what is the actual unit cost paid
by the pharmacy?
Answer: 2.71. Without scheme, price of 120 bottles is (120 X 2.99) 358.8 $. Under scheme,
(120 +12) 132 bottles have price of 358.8 S. Under scheme, price of one bottle is 358,8/13=
2.718
10. The cost of a drug is $10 and mark up on cost is 30%. The prescription (dispensing fee:
co-payment) fee is $10. What is the total amount that the customer pays?
Answer: 23 $; Selling price is 13 $ + Prescription fees= 23 S
11, The total net profit is $90,000 and net profit on income is 15%? Calculate total income.
Answer: 600,000. Net Profit = [Percent profit on income X Total Income]/100
90,000 [15 X Total Income}/100
12, What is the retail sales price if mark-up price on cost is 33.3% and total cost is $12?
Answer: 16 $
13. If the cost of an item is $6 and mark up on cost is 40%, What is the retail price?
Answer: 8.4
14. Ifa selling price is $15.90 and mark up on cost is 33.3%. what is the cost of an item?
Answer: 11.9 $
15, The cost of an item is $12 and the retail price is $16. The mark up on cost is?
Answer: $33.3%
SP = [percent MP x Cost]/100 + Cost
16 =[Y x 12]/100 + 12
Y x 12/100
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Y= 400/12= 33.3 %
16, There is a decrease in the expenses of pharmacy by $12,000 in comparison to last year.
What will be the percent increase in net profit, if Sales = $1200,000; Cost = $1050,000; Net
profit this year = $120,000,
Answer: 10 %; Net profit = decreas e in expenses 12,000 S.
Percent increase in Profit = [12000/net profit this year] X 100= 10 %
17. A pharmacist decreases the expenses of his pharmacy by 36,000 $ as compared to his,
expenditures last year while achieving the same sale. What will be the percentage of
increasing his net profit if Sales =3,000,000; Cost=2,400,000; Net profit this year =180,000
Answer: 20%
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