Sarah enrolled $10,000 worth of debt with National Debt Relief. We negotiated with the creditors and reduced the debt by 50%. Sa

Question

2 years ago

6

rah's fee for our services was 25% of the enrolled debt ($10,000). How much did Sarah end up saving after reducing her debt and paying us our fee?

1 answer:

Molodets [167] · Answer 1 · 2024-02-03T13:52:20+03:00

The total amount Sarah end up saving after reducing her debt and paying us our fee is $2,500.

<h3>Percentage</h3>

Amount of reduction = 50% × $10,000

= 0.5 × 10,000

= $5,000

Cost of services = 25% of $10,000

= 25/100 × 10,000

= 0.25 × 10,000

= $2,500

Total savings = Amount of debt - Amount of reduction + Cost of services

= 10,000 - 5,000 + 2,500

= $2,500

Therefore, the total amount Sarah end up saving after reducing her debt and paying us our fee is $2,500.

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