There is an $85.00 recovery amount... For the month of March, $400.00 was charged at 25% - $85.00 = $15.00... However, rather than doing that; the following was done: $400.00 - 85 = $315.00 x .25 = $78.75 … How much was overpaid or how much is owed?
How much is owed?
- Thread starter moredard
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Steven G
Elite Member
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- Dec 30, 2014
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Before I help with this problem you first have to right the math correctly.
25% - $85.00 = $15.00 makes no sense at all! You can subtract dollars from a percent.
$400.00 - 85 = $315.00 x .25 = $78.75. That first equal sign is not valid, unless $315 = $78.15! Yes, $400-$85 equals $315 BUT you wrote $400.00 - 85 = $315.00 x .25! Note that the left hand side of the equal sign is $315 while the right hand side of the equal sign is $78.75
Please clean this up. And remember that ALL equal signs MUST be valid.
25% - $85.00 = $15.00 makes no sense at all! You can subtract dollars from a percent.
$400.00 - 85 = $315.00 x .25 = $78.75. That first equal sign is not valid, unless $315 = $78.15! Yes, $400-$85 equals $315 BUT you wrote $400.00 - 85 = $315.00 x .25! Note that the left hand side of the equal sign is $315 while the right hand side of the equal sign is $78.75
Please clean this up. And remember that ALL equal signs MUST be valid.
So $85.00 was to be recovered from a past overpayment...
The initial billing was $400.00 and 25% to be paid of that $400.00 minus the $85.00 that should be recovered to give a total of $15.00
$400.00 x .25 = $100.00 - $85.00 = $15.00
However, rather than doing that this was done:
$400.00 - 85 = $315.00 (took the "overpaid amount from the grand total billed initially)
$315.00 x .25 = $78.75
How much was overpaid?
I hope that makes a bit more sense.
The initial billing was $400.00 and 25% to be paid of that $400.00 minus the $85.00 that should be recovered to give a total of $15.00
$400.00 x .25 = $100.00 - $85.00 = $15.00
However, rather than doing that this was done:
$400.00 - 85 = $315.00 (took the "overpaid amount from the grand total billed initially)
$315.00 x .25 = $78.75
How much was overpaid?
I hope that makes a bit more sense.
Steven G
Elite Member
- Joined
- Dec 30, 2014
- Messages
- 14,379
It is true that $400.00 x .25 = $100.00, BUT you did not write that. You wrote $400.00 x .25 = $100.00 - $85.00. That equation is NOT correct, do you see why? The lhs equals 100, while the rhs equals 15!
Right;
$400.00 x .25 = $100.00
$100.00 - $85.00 = $15.00
$15.00 is what should have been paid correctly.
BUT instead the payment was a such:
$400.00 - 85 = $315.00 (took the "overpaid amount from the grand total billed initially)
$315.00 x .25 = $78.75
How much was overpaid?