Question

calculate the service charge and spend given the total?

$250,000= service charge + spend
service charge = 12% of spend
what is the service charge and spend?
spend is not $220,000 because then the service charge would be $220,000*.12=$26,400 for a total of $246,400...

1 year ago - 1 answers

Best Answer

Chosen by Asker

Service Charge = 250,000-(250,000/1.12) = 26,785.71
250,000 - 26,785.71 = 223,214.29
223,214.29 * 1.12 = 250,000

1 year ago