Solved

A Merchant Pays a 3

Question 16

Short Answer

A merchant pays a 3.5% fee to the BMO Bank of Montreal on all MasterCard sales.
a) What amount will she pay on sales of $17,564 for a month?
b) What were her gross sales for a month in which the bank charged total fees of $732.88?

Correct Answer:

verifed

Verified

a) $614.74...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents