A merchant pays a 2.9% fee to the Royal Bank on all Visa sales.
a) What amount will he pay on sales for a month of $28,476?
b) What were his gross sales for a month in which the bank charged fees totalling $981.71?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q14: In three successive years the price of
Q16: A merchant pays a 3.5% fee to
Q21: In addition to the basic trade discount
Q131: The distributor of Nikita power tools is
Q142: A college bookstore buys back good-condition textbooks
Q144: A trade discount of 22.5% from the
Q150: Net price to a car dealer of
Q152: Green Thumb Nursery sells spreading junipers to
Q158: The net price of an item after
Q174: What total amount must be paid on
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents