Question

You need to return a product you purchased 3 days ago

Answer 1

Answer:

$37.5

Step-by-step explanation:

Given : You need to return a product you purchased 3 days ago. The total cost of the item was $50.00. The store charges a 25% restocking fee.

To find: How much money will you get once the restocking fee is paid?

Solution:

Cost of item = $50

The store charges a 25% restocking fee.

Restocking fees = 25\% \times 50

= $\frac{25}{100} \times 50$

= 12.5

You will get the money once the restocking fee is paid = 50-12.5=37.5

Hence You will get $37.5 once the restocking fee is paid