PTR and PTS Calculator for PCD Pharma Franchise in India
PTR (Price to Retailer) and PTS (Price to the stockist) Is essentially a computer software that can help pharmaceutical and biotechnology companies in the calculation of contract terms, the cost of products, and other financial terms related to the manufacture and commercialization of medicines. It helps in maintaining proper accounting records of the financial transactions of the company. As more pharmaceutical companies are venturing into the pharmaceutical manufacturing business, accounting records are becoming extremely important. In fact, accounting has now become one of the basic essentials of Pharmaceutical Engineering and has achieved steady growth in the pharmaceutical area of science.
What is MRP?
MRP means Maximum Retail Price. It is the price at which customers will purchase medicine from a retail pharmacy store. It is inclusive of GST.
What is PTR?
PTR means Price to Retailer. It is the price at which a Retail pharmacy will purchase any medicine from the pharma stockists. It is exclusive of GST.
What is PTS?
PTS means Price to Stockist. It is the price at which any pharma company will give its goods to pharma stockists or distributors. It is exclusive of GST.
How to calculate PTR ? Formula to Find PTR
To calculate the PTR first we have to calculate Net Margin and GST Factor. Net Margin (It is Inclusive of GST) To calculate the Net margin directly minus the Retail % from MRP Net Margin = MRP – Retail %
GST factor (Which is useful to minus GST amount from net margin) GST Factor = 100 + GST% / 100 PTR = Net margin / GST Factor