If you buy a McDonalds franchise and agree to pay a royalty fee of 12.5% annually, how much money will you owe McDonalds at the end of a year in which you sell $98,000 of product?
A) $12,250
B) $13,250
C) $11,250
D) $10,250
E) $14,250
Correct Answer:
Verified
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