15 million transactions are made per year at a total cost of $750 million.Calculate the cost per transaction.
A)$5
B)$50
C)$500
D)$5,000
E)$50,000

Name: 15 million transactions are made per year at a total cost of $750 million.Calculate the cost per transaction. A)$5 B)$50 C)$500 D)$5,000 E)$50,000
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Question

Quizplus · Accepted Answer

To find the cost per transaction, we divide the total cost by the number of transactions.

$$\frac{\$750,000,000}{15,000,000} = \$50$$

Therefore, the cost per transaction is $50. The best choice is B.

15 Million Transactions Are Made Per Year at a Total