Rachel's Beach Shoppe charges tourists to use their credit cards to purchase merchandise at the vacation store.On Monday,Rachel sold $2,500 in merchandise to tourists that used their credit cards to purchase beachwear at the store.The bank charges Rachel's store 1.15% of the total credit card purchases per day to settle the credit transactions.What is the total deposit Rachel expects the bank to deposit into her account after the total bank fees and charges are taken out of the credit purchases on Monday?

Question

Quizplus · Accepted Answer

C)
Transaction fee = [($2,500 × 1.10)] = $27.50
$2,500 - $27.50 = $2,472.50

Rachel's Beach Shoppe Charges Tourists to Use Their Credit Cards