HRH Collection Agency keeps a collection fee of 25% of any amounts collected. How much did the agency collect on a bad debt if t

Question

insens350 [35]

3 years ago

9

HRH Collection Agency keeps a collection fee of 25% of any amounts collected. How much did the agency collect on a bad debt if t

he agency forwarded $2490 to a client?

Business

1 answer:

Kazeer [188] · Answer 1 · 2022-03-07T13:38:00+03:00

Answer:

The agency collected $ 622.5.

Explanation:

Since HRH Collection Agency keeps a collection fee of 25% of any amounts collected, to determine how much did the agency collect on a bad debt if the agency forwarded $ 2490 to a client, the following calculation must be performed:

2490 x 0.25 = X

622.5 = X

Therefore, the agency collected $ 622.5.