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You received $600,000 in total payments on charges of $1,000,000 and had write-offs in the amount of $300,000. What is the net collection rate?

You received $600,000 in total payments on charges of $1,000,000 and had write-offs in the amount of $300,000. What is the net collection rate?
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You received $600,000 in total payments on charges of $1,000,000 and had write-offs in the amount of $300,000. What is the net collection rate?

asked
User Reynaldi
by
8.2k points

1 Answer

2 votes

Answer: 86%

Explanation:

collection rate = total payments / charges *100%

answered
User Rub
by
8.0k points
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