Pro$-$Rata Refund Practice

Scenario: The school charges the student $$5,000$ for the program $($Total Charges$).$ This includes:

$$4,500\mathrm{.}00$ Tuition $(refundable)$

$100\mathrm{.}00$ Registration fee $(non-$refundable$)$

$12\mathrm{.}50STRF$ fee $(non-$refundable$)$

$+387\mathrm{.}50$ Books $(non-$refundable$)$

$$5,000\mathrm{.}00$ Total Charges

$100\mathrm{.}00$ Registration fee $($non$-$refundable$)$

$12\mathrm{.}50$ STRF fee $($non$-$refundable$)$

$+387\mathrm{.}50$ Books $($non$-$refundable$)$

$$5,000\mathrm{.}00$ Total Charges

The student pays $$2,000$ up front $($Total Student Paid$).$ The student withdraws after completing $20$ out of $100$ days in the period of attendance.

What percentage of the period of attendance did the student attend?

$($Days Student Attended$)=$

$($lotal # ot Days$)$

$($Percentage Attended$)$

Is the student eligible for a pro$-$rata refund?

Yes

No

Divide the Total Charges by the total number of days in the period of attendance.

$/$

$=$

$($Total Charges$)$

$($Total # ot days$)$

$($Charge per day$)$