Question

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. How much money will you get once the restocking fee is paid?

Answer 1

Step-by-step explanation:

$50×75/100

=$75/2=37.5$

Answer 2

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