Question

if a pharmacy sells $3,000,000 worth of products and the cost of those products is $2,400,000, what is the gross profit?

$5,400,000
$2,400,000
$600,000
$3,600,000

question 2 (2 points)
what is a want book used for in pharmacy inventory management?

a schedule for rotating stock based on expiration dates
a list of drugs and devices that routinely need to be reordered
a log of employee training and responsibilities
a record of expired medications removed from stock

Explanation:

Calculate gross profit

Using the Pharmacy Financial Metrics knowledge point

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Define want book purpose

Using the Pharmacy Inventory Management knowledge point

• A "want book" is a manual log or digital list used in pharmacies to record items that are out of stock or low in stock and need to be reordered.
• This matches the option: "A list of drugs and devices that routinely need to be reordered".

Answer:

Question 1

• (A) $5,400,000
• (B) $2,400,000
• (C) $600,000 (Correct answer)
• (D) $3,600,000

Question 2

• (A) A schedule for rotating stock based on expiration dates
• (B) A list of drugs and devices that routinely need to be reordered (Correct answer)
• (C) A log of employee training and responsibilities
• (D) A record of expired medications removed from stock