NetSuite Enterprise Resource Planning (ERP) Consultant Practice Exam 2026 - Free ERP Consultant Practice Questions and Study Guide

To determine the initial fee for a service contract that costs $1,000 with a required deposit of 10%, you need to calculate 10% of $1,000.

10% of $1,000 is calculated as follows:

\( 1,000 \times 0.10 = 100 \)

This means that the initial fee to be paid as a deposit is $100. Thus, the correct answer reflects the proper calculation of the deposit based on the total contract cost.