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Assume that dr jones patients pay an average 80 percent of

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The following information summarizes charge and cost data for Dr. Jones during the last year: Number of Cases 100 Charges $700,000 Nursing Charges $350,000 Lab Charges $200,000 Pharmacy Charges $50,000 Radiology Charges $100,000 Assume that Dr. Jones' patients pay an average 80 percent of charges. Also assume cost to charge ratios of 0.90 in Nursing, 0.80 in Lab, 0.50 in Pharmacy, and 0.70 in Radiology. What is the total profit earned on Dr. Jones' patients?

Reference no: EM13584631

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