Practice Quiz

PTCE Pharmacy Technician

Category - Ordering

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Your pharmacy's wholesaler offers a 8% discount if invoices are paid in full within 4 business days of receipt. The last invoice was for a total of $2612.68, and was received on Thursday, July 27. The invoice was paid by the accounting department on the following Wednesday. How much should have been paid?
  1. $2612.68
  2. $2403.67
  3. $2351.41
  4. $2821.69
Explanation
Answer: A - The accounting department should have paid $2612.68 for the invoice received on July 27. The invoice was not paid within 4 business days of receiving it, so it not would qualify for the 8% discount. The pharmacy would then be responsible for the entire cost of the invoice, or $2612.68.
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