Massachusetts Pharmacy Technician License Practice Test

What is the wholesale cost per tablet if the retail cost for 90 tablets is $119.85 and the pharmacy applies a 25% markup plus a $2.85 dispensing fee?

1. $1.04

2. $0.85

3. $1.25

4. $1.50

The correct answer is: $1.04

To determine the wholesale cost per tablet, you first need to understand how the retail price was calculated based on the wholesale price, the markup, and the dispensing fee. Start with the retail cost for 90 tablets, which is $119.85. From this amount, the pharmacy applies a dispensing fee of $2.85. This means you first subtract the dispensing fee from the retail price to find the total cost attributable to the medication alone: $119.85 - $2.85 = $117.00 Next, we need to ascertain the wholesale cost before the markup is applied. The pharmacy applies a 25% markup on the wholesale cost. If we let the wholesale cost be represented as 'W', then the retail price for the medication can be expressed as follows: Retail Price = Wholesale Cost + 25% of Wholesale Cost Retail Price = W + 0.25W Retail Price = 1.25W Since we previously calculated the cost attributable to the medication as $117.00, we can set that equal to 1.25W: 1.25W = $117.00 To find W, divide both sides by 1.25: W = $117.00 / 1