You subscribed to 89 issues of Canadian Geographic magazine at a total cost of $293.70. After...
You subscribed to 89 issues of Canadian
Geographic magazine at a total cost of $293.70. After receiving
55 issues, you decide to cancel your subscription. What refund
should you receive on your subscription?
Homework Answers
Total cost of 89 issues = $293.70
Cost per issue = $293.70/89
= $3.30
Cost of 55 issues = Cost per issue x 55
= 3.30 x 55
= $181.50
Refund to be received = Total cost of 89 issues - Cost of 55 issues
= 293.70 - 181.50
= $112.20
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