Business math terms

the difference between the pharmacy’s purchase price and the selling price

the pharmacy’s cost of doing business; this cost includes personnel salaries, equipment, and operating expenses such as

the number of times the amount of goods in inventory was sold during the year

the difference between the pharmacy’s selling price and purchase price

an average price at which drugs are purchased at the wholesale level is known as the AWP

the difference between the selling price and overall cost

the financial gain made when the amount earned is greater than the amount spent during a specified period

an average inventory range for an item, which generally includes the minimum and maximum stock levels for the item

a percentage amount that is determined by subtracting the pharmacy’s purchase price for an item from the pharmacy’s sell

a list of all of the items that are available for sale in a business