SOLUTION: A contractor forfeits 30% on any overdue contract. If a contract worth $ 25 000 is overdue, how much does the contractor receive?

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Question 997844: A contractor forfeits 30% on any overdue contract. If a contract worth $ 25 000 is overdue, how much does the contractor receive?
Answer by fractalier(6550) About Me  (Show Source):
You can put this solution on YOUR website!
Well if he forfeits 30%, then he receives 70%.
And 70% of $25,000 is
(.7)(25000) = $17,500