CVS Retail Math and Logic 4

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?

Accepted Answer

Product A

Answer

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?

Accepted Answer

$5,920

Answer

$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?

Accepted Answer

$24.00

Answer

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?

Accepted Answer

225

Answer

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?

Accepted Answer

23.5%

Answer

(8.50 - 6.50) / 8.50 = 2.00 / 8.50 ≈ 23.5%.

CVS - Assessment Practice Test

CVS - Assessment Practice Test

CVS Retail Math and Logic 4