The Limited collects 25 percent of sales in the month of sale,60 percent of sales in the month following the month of sale,and 15 percent of sales in the second month following the month of sale.During the month of April,the firm will collect:

Question

Quizplus · Accepted Answer

The question tells us that The Limited collects 25% of sales in the month of sale, 60% of sales in the month following the month of sale, and 15% of sales in the second month following the month of sale. 
So, for sales made in April, The Limited would collect 25% in April, 60% in May, and 15% in June. 
Therefore, The Limited will collect 60% of March sales in April.

The Limited Collects 25 Percent of Sales in the Month