A public college had tuition and fees of $21,000,000.Scholarships,for which no services were required,amounted to $2,500,000.Graduate assistantships,for which services were required,amounted to $1,600,000.The amount to be reported by the public college as net tuition and fees would be:
A) $18,500,000.
B) $16,900,000.
C) $21,000,000.
D) $20,000,000.

Question

Quizplus · Accepted Answer

The net tuition and fees can be calculated by subtracting the scholarships and graduate assistantships from the total tuition and fees. 
Net tuition and fees = Total tuition and fees - Scholarships - Graduate assistantships
Net tuition and fees = $21,000,000 - $2,500,000 - $1,600,000
Net tuition and fees = $16,900,000
Therefore, the correct answer is A) $18,500,000.

A Public College Had Tuition and Fees of $21,000,000