Question

You have started a contract job for a large company in another state. The total payment you negotiated for this contract is $26,500. The company has agreed to pay you 25% upfront per the contracted agreement. How much will the company owe you after this first payment comes through?

Answer 1

we have:

25% advance payment, this is:

`26500*(25)/(100)=(662500)/(100)=6625`

therefore, after first payment:

`26500-6625=19875`

answer: the company owe you after this first payment comes through $19,875