Answer:
$763.63
Step-by-step explanation:
Given: Ross needs to have a procedure done, allowed amount by is 7/8 of what the doctor charges, Ross pays 1/4 and medicare pays 3/4 of amount.
To Find: If Ross had to pay $262.50, how much did the office want to charge.
Solution:
Let the amount asked by the doctor's office
Allowed amount in medicare plan
Amount left to be paid by Ross
amount paid by medicare plan
Amount paid by Ross
Total amount paid by Ross
Therefore doctor's office want to charge $763.63 for procedure