From HPLC data, assay value is getting 99.5% and we can consider this value is “as is” value. Here water content is 2%. So anhydrous basis will be 101.5%.
Theoretically for this material, if I take weight 100 mg, we will get 98 mg API as 2% water is present. If I calculate theoretically, “as is” potency is 98% (100 mg – 2 mg= 98 mg) but practical value is 99.5%. On the other hand, if we consider assay on anhydrous basis is 100% instead of 101.5% then it will match theoretical value.
Is this regard, which value on “as is basis” is correct?