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How To Calculate 'Cents On The Dollar'?

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Anonymous Profile
Anonymous answered
20cents in every dollar; of $458
Deemarcas Day Profile
Deemarcas Day answered
Pretty easy, if offered .50 on the dollar, (1.00) that is half.  If someone offers you .40 on the dollar, you pay $40 per hundred.  Don't know if you are a gambler or if you might be in debt to a bookie, but that is they way is calculated.  A person I know was offered .50 per $1.00 on credit card debt, then the next day was offered .60 per $1.00.  The .50 was 1/2 off, the .60 was 40% off.
Hope this helps.

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