SOLUTION: If an organization collects 70% of sales within a month and the balance two months after the sale, how much would it collect in March if it sold 60,000 in January and 80,000 in Feb

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Question 157940: If an organization collects 70% of sales within a month and the balance two months after the sale, how much would it collect in March if it sold 60,000 in January and 80,000 in February?
Answer by jojo14344(1513) About Me  (Show Source):
You can put this solution on YOUR website!
Total earnings:
January: 0.70%2A60000=42000, balance payable in March (after 2 months)
February: 0.70%2A80000=56000, balance payable in April (after 2 months)
highlight%28March%29: Balance of January= 60000-42000=18000, ANSWER
April: Balance of February= 80000-56000=24000
Thank you,
Jojo