Business

Natalie Pace

4 April, 00:56

The local grocery store expects that customers will use credit cards to pay for a total of 110 comma 000 sales transactions during the month of april. these transactions are expected to amount to $ 5 comma 000 comma 000 in total sales revenue. the credit card issuers charge the store a transaction fee equal to $ 0.35 per transaction plus 3 % 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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