What price do we charge a patient if the AWP for 300 tablets is $14.55 and we want to give the patient 30 tablets plus a 6% markup and a $3.00 dispensing fee?
3.00 + 1.06(30/300 * 14.55)
To determine the price to charge the patient, we need to calculate the total cost per tablet including the markup and dispensing fee.
Step 1: Calculate the total cost for 300 tablets.
Total cost = AWP * 300 tablets
Total cost = $14.55 * 300
Total cost = $4365.00
Step 2: Calculate the cost per tablet.
Cost per tablet = Total cost / 300 tablets
Cost per tablet = $4365.00 / 300
Cost per tablet ≈ $14.55
Step 3: Add the markup to the cost per tablet.
Markup = 6% of the cost per tablet
Markup = 0.06 * $14.55
Markup ≈ $0.87
New cost per tablet = Cost per tablet + Markup
New cost per tablet = $14.55 + $0.87
New cost per tablet ≈ $15.42
Step 4: Add the dispensing fee to the new cost per tablet.
Price per tablet = New cost per tablet + Dispensing fee
Price per tablet = $15.42 + $3.00
Price per tablet = $18.42
Step 5: Calculate the price for 30 tablets.
Price for 30 tablets = Price per tablet * 30
Price for 30 tablets = $18.42 * 30
Price for 30 tablets = $552.60
Therefore, the price to charge the patient for 30 tablets, including a 6% markup and a $3.00 dispensing fee, would be approximately $552.60.
To calculate the price we should charge the patient, we need to follow these steps:
Step 1: Calculate the AWP for 30 tablets
AWP for 300 tablets = $14.55
Therefore, AWP for 1 tablet = $14.55 / 300 = $0.0485
AWP for 30 tablets = $0.0485 * 30 = $1.455
Step 2: Calculate the price with the markup
Markup percentage = 6%
Markup amount = AWP for 30 tablets * Markup percentage
= $1.455 * 0.06 = $0.0873
Price with markup = AWP for 30 tablets + Markup amount
= $1.455 + $0.0873 = $1.5423
Step 3: Add the dispensing fee
Dispensing fee = $3.00
Final price = Price with markup + Dispensing fee
= $1.5423 + $3.00 = $4.5423
Therefore, the price we should charge the patient is $4.5423.