the cycle shoppe has decided to offer credit to its customers during the spring selling season. sales are expected to be 64 bikes with an average cost of $329 each. four percent of customers are expected to default. to help identify those individuals, the shop is considering subscribing to a credit agency. the initial charge for their services is $250 with an additional charge of $7.50 per individual report. what is the amount of the net savings from subscribing to the credit agency? a) $108 b) $92 c) $84 d) $112 e) $103
