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?

Question

Quizplus · Accepted Answer

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.

Your Pharmacy's Wholesaler Offers a 12% Discount If Invoices Are