what is the minimum and maximum earning of medical store in India?
Hey,
It depends on investment of medicine and some pharma shops deliver medicines which is an additional charge, overall medicines some are imported on different levels. And GST is the problem now a days and most drugs have classifications in which some types have special tax. Some like OTC and some accessories are at 20%investment rate and 5%tax rate which leaves 75%profit if you are near to hospitals which have more patients and are in need of them. Others cope 40% i which 15%is tax because demand is low so tax and investments go more and on total average od patients buying along with doctors prescription consumes 85000and general medicines like vicks etc constitute around total 2500which makes it near to 1 lakh or 1and half lakh in big cities or medium towns as an average. If funds are added it becomes additional. Funds can be raised by letting people know the importance of medicines which can get 5% extra so with funds average is 1lakh55thousand and with normal condition 1lakh 45000 and without them in royal average is 1lakh to 1lakh20000per day or week.
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