A practice sends $32,000 worth of patient account balances to a collection agency. If the collection agency collects 25 percent of this total and retains 30 percent of the amount it collects, calculate the total amount of money it will keep.

Question

Quizplus · Accepted Answer

The collection agency collects 25% of $32,000, which is $8,000. It then retains 30% of this amount, which is 0.30 * $8,000 = $2,400.

A Practice Sends $32,000 Worth of Patient Account Balances to a Collection