I need help figuring this out. I have step one figured out for number 1.

3.2 GRADED PROBLEMS - INSTRUCTIONS AND WORKSHEET PROBLEM 1 We have given you all the fees, cost and volumes to calculate the price setting details to make sure the organization makes a Net profit of $5000. Cost: Total Cost: $100,000 Total Volume: 1,000 Average Cost: $100 Payer Volumes Patient Volume Medicare (payment rate=$95) 380 Medicaid (payment rate=$90) 100 Managed Care #1 (payment rate = $110) 310 Managed Care #2 (pays 80% of Charges) 110 Uninsured (pay 10% of charges) 100 Total Volume Desired Net Income 1,000 $5000 Formula and Calculations: Step 1: Calculate the "loss on the fee schedule", show all your work to assure partial and full credit Price = (Average cost + ((Required net income + loss on fee-scheduled payers)/Volume of charge payers))/(1 - Average discount experienced on charge payers) Provide calculations and answers below for step 1 Step 2: Insert losses and other known figures in the top portion (numerator) of the formula and calculate Price = (Average cost + ((Required net income + loss on fee-scheduled payers)/Volume of charge payers))/(1 - Average discount experienced on charge payers) Provide calculations and answers below for step 2 Step 3: Calculate the bottom portion (denominator) of the formula (We will give the figures for the average discount, but look how we need to consider the charge payers discount in our formula) Price = (Average cost + ((Required net income + loss on fee-scheduled payers)/Volume of charge payers))/(1 - Average discount experienced on charge payers) We have completed part of this for students. A (1- ((110/210 x .20) + (100/210 x .90)) = _____ Step 4: Calculate the final price for a service Price = (Average cost + ((Required net income + loss on fee-scheduled payers)/Volume of charge payers))/(1 - Average discount experienced on charge payers) Final Price = __________________________ PROBLEM 2 We have given you all the fees, cost and volumes to calculate the price setting details to make sure the organization makes a Net profit of $5000. Cost: Total Cost: $94,000 Total Volume: 940 Average Cost: $100 Payer Volumes Patient Volume Medicare (payment rate=$90) 350 Medicaid (payment rate=$100) 100 Managed Care #1 (payment rate = $110) 310 Managed Care #2 (pays 80% of Charges) Uninsured (pay 10% of charges) 80 100 Total Volume 940 Desired Net Income $5000 Formula and Calculations: Step 1: Price = (Average cost + ((Required net income + loss on fee-scheduled payers)/Volume of charge payers))/(1 - Average discount experienced on charge payers) Provide calculations and answers below for step 1 Step 2: Insert losses and other known figures in the top portion (numerator) of the formula and calculate Price = (Average cost + ((Required net income + loss on fee-scheduled payers)/Volume of charge payers))/(1 - Average discount experienced on charge payers) Provide calculations and answers below for step 2 Step 3: Calculate the bottom portion (denominator) of the formula (We will give the figures for the average discount, but look how we need to consider the charge payers discount in our formula) Price = (Average cost + ((Required net income + loss on fee-scheduled payers)/Volume of charge payers))/(1 - Average discount experienced on charge payers) We have completed part of this for students. A (1- ((80/180 x .20) + (100/180 x .90)) = _______ Step 4: Calculate the final price for a service Price = (Average cost + ((Required net income + loss on fee-scheduled payers)/Volume of charge payers))/(1 - Average discount experienced on charge payers) Final Price = __________________________