Dr Blank Sent an Account Owing $1,000 for Collection

question 12

Multiple Choice

Dr. Blank sent an account owing $1,000 for collection. The collection charged its usual fee of 40%. After collection, what was the amount received by Dr. Blank from the collection agency?

• A) $400.00
• B) $600.00
• C) $800.00
• D) $1000.00