CVS Retail Math and Logic 4 — Questions and Answers
Question 1: A CVS manager compares two products: Product A has a 35% gross margin and Product B has a 28% gross margin. Which product generates more profit per dollar of sales?
- Product A (Correct answer)
- Product B
- They are equal
- Cannot be determined
Correct answer: Product A
A higher gross margin percentage means more profit per dollar of sales, so Product A is more profitable per dollar.
Question 2: A store's average transaction value is $18.50. If 320 transactions occur in a day, what are total daily sales?
- $5,920 (Correct answer)
- $5,600
- $6,200
- $5,760
Correct answer: $5,920
$18.50 × 320 = $5,920.
Question 3: A shelf label shows 'Buy 3 get 1 free' on a $4.00 item. A customer buys 8 units. How much do they pay?
- $24.00 (Correct answer)
- $32.00
- $28.00
- $20.00
Correct answer: $24.00
In 8 units, there are 2 sets of buy-3-get-1; 6 paid × $4.00 = $24.00.
Question 4: A CVS pharmacy fills an average of 250 prescriptions per day. If 10% are returned or unclaimed, how many prescriptions are actually picked up daily?
- 225 (Correct answer)
- 200
- 240
- 230
Correct answer: 225
250 × 0.90 = 225 prescriptions picked up.
Question 5: An item costs the store $6.50 and is priced at $9.75. A competitor sells it for $8.50. If CVS matches the competitor price, what is the new gross margin percentage?
- 23.5% (Correct answer)
- 33.3%
- 17.6%
- 30%
Correct answer: 23.5%
(8.50 - 6.50) / 8.50 = 2.00 / 8.50 ≈ 23.5%.
Question 6: A store receives 6 cases of water, each containing 24 bottles. After stocking, 78 bottles remain in the back room. How many bottles were placed on the sales floor?
- 66 (Correct answer)
- 78
- 84
- 90
Correct answer: 66
Total = 6 × 24 = 144; on floor = 144 - 78 = 66.
Question 7: A cashier must count back change for a $7.34 purchase paid with a $10 bill. What is the correct change?
- $2.66 (Correct answer)
- $2.76
- $2.56
- $3.66
Correct answer: $2.66
$10.00 - $7.34 = $2.66.
CVS Retail Math and Logic 4
A CVS manager compares two products: Product A has a 35% gross margin and Product B has a 28% gross margin.
Which product generates more profit per dollar of sales?