1.A branch collect 90000 ETB out of 120000 ETB due. calculate the collection rate

Finance

ScanSolve AI Answer

Answer

75%75\%

Step-by-step solution

2 steps

  1. Identify the given values

    Amount collected = 90,000 ETB
    Amount due = 120,000 ETB

  2. Calculate the collection rate

    The collection rate is calculated as the ratio of the amount collected to the amount due, expressed as a percentage.

    Collection Rate=(Amount CollectedAmount Due)×100%\text{Collection Rate} = \left( \frac{\text{Amount Collected}}{\text{Amount Due}} \right) \times 100\% Collection Rate=(90,000 ETB120,000 ETB)×100%\text{Collection Rate} = \left( \frac{90,000\ \text{ETB}}{120,000\ \text{ETB}} \right) \times 100\% Collection Rate=0.75×100%\text{Collection Rate} = 0.75 \times 100\% Collection Rate=75%\text{Collection Rate} = 75\%

    The collection rate is:

    75%\boxed{75\%}
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