A merchant pays a 2.9% fee to the RBC Royal Bank on all Visa sales. a. What

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A merchant pays a 2.9% fee to the RBC Royal Bank on all Visa sales.
a. What amount will he pay on sales of $28,476 for a month?
b. What were his gross sales for a month in which the bank charged fees totalling $981.71?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:01 AM

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A merchant pays a 2.9% fee to the RBC Royal Bank on all Visa sales. a. What

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Business Mathematics In Canada

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