The local grocery store expects that customers will use credit cards to pay for a total of 30 comma 000 sales transactions during the month of April. These transactions are expected to amount to $ 9 comma 000 comma 000 in total sales revenue. The credit card issuers charge the store a transaction fee equal to $ 0.20 per transaction plus 1.5 % of the amount charged. When budgeting for operating expenses in April, how much should the store expect to incur for credit card transaction fees?
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Home » Business » The local grocery store expects that customers will use credit cards to pay for a total of 30 comma 000 sales transactions during the month of April. These transactions are expected to amount to $ 9 comma 000 comma 000 in total sales revenue.