A merchant pays a 1.5% fee to the RBC Royal Bank on all Visa sales. a. What

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A merchant pays a 1.5% 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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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 16, 2020 03:36 AM

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A merchant pays a 1.5% fee to the RBC Royal Bank on all Visa sales. a. What

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Sales 28476 Rate of fee charged by RBC Royal bank 15 ...View the full answer

Fundamentals Of Business Mathematics In Canada

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