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10 Cards in this Set
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Cost Plus Markup Answers:
cost = $48.99 per 300ml markup = 40% dispensing fee = $5.50 prescription calls for 240ml |
calculate cost 48.99/300 = x/240
x = $39.19 (39.19) + (39.19 x 0.40) + (5.50) = $60.37 |
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cost = $19.99 per 50 caps
markup = 38% dispensing fee = $4.75 prescription calls for 100 caps |
19.99/50 = x/100
x = $39.98 (39.98) + (39.98 x 0.38) + (4.75) = $59.92 |
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cost = $158.57 per 1000 tabs
markup = 47% dispensing fee = $3.00 prescription calls for 100 tabs |
158.57/1000 = x/100
x = $15.86 (15.86) + (15.86 x 0.47) + (3.00) = $26.31 |
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cost = $45.34 per inhaler
markup = 30% dispensing fee = $4.89 prescription calls for 3 inhalers |
45.34 x 3 = $136.02
(136.02) + (136.02 x 0.30) + (4.89) = $181.72 |
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cost = $35.90 per 100 tabs
markup = 35% dispensing fee = $7.00 prescription calls for 250 tabs |
35.90/100 = x/250
x = $89.75 (89.75) + (89.75 x 0.35) + (7.00) = $128.16 |
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When calculating the selling price of a prescription, you may use the formula of cost + ________ + _______ = selling price.
markup, AWP markup, dispensing fee AWP, dispensing fee markup, AWP |
markup, dispensing fee
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When a patient is required to pay a certain amount of their health care bills before insurance begins to pay, they are said to have a:
deductible copay markup dispensing fee |
deductible
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When a patient must pay a certain percentage of each prescription price, they are said to have a:
deductible copay markup dispensing fee |
copay
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Our pharmacy uses a markup of 40%. Our dispensing fee is $4.50. The drug ordered costs $45.99 for 100 tablets. The prescription calls for 30 tablets. What should our selling price be?
$19.32 $23.82 $32.10 $23.10 |
$23.82
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An insurance plan calls for a contract price of AWP less 3% plus a $2.00 dispensing fee. The patient's prescription calls for #60 capsules of a drug whose AWP is $199.75 per 100 capsules. What price should be billed to the insurance company?
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$118.25
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