Practice Quiz

PTCE Pharmacy Technician

Category - Ordering

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Your pharmacy's wholesaler offers a 12% discount if invoices are paid in full within 4 business days of receipt. The last invoice was for a total of $1859.24, and was received on Thursday, May 18. The invoice was paid by the accounting department the following Monday. How much should have been paid?
  1. $1859.24
  2. $1636.13
  3. $2082.34
  4. $1673.31
Explanation
Answer: B - The accounting department should have paid $1636.13 for the invoice received on May 18. The invoice was paid within 4 business days of receiving it, so it would qualify for the 12% discount. The amount minus the discount would be $1859.24 x 0.88 (represents the total cost - 12% discount) = $1636.13.
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