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alina1380 [7]
2 years ago
9

Customer World provides services to customers and allows customers to pay by credit card. On Thursday, a customer purchased a ca

se of flash drives for $65 and used a credit card to pay. The credit card company charges Computer World a transaction fee equal to $0.25 + 2% of the total charge. What is the transaction fee Customer World must pay on this sale?
Business
1 answer:
Triss [41]2 years ago
6 0

Answer:

The answer is $1.55

Explanation:

From the question above, we have the following:

Money spent by customer = $65

Transaction fee = $0.25

Percentage charge = 2% of the total charge

We calculate the total transaction fee as follows:

2% of $65 will be = 0.02 X $65

=> $1.3

Recall that there is a transaction fee = $0.25.

Therefore, total transaction fee:

$1.3 + $0.25

=> $1.55

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Answer:

PED = -0.4 or |0.4| in absolute terms

Explanation:

price elasticity of demand (PED) = % change in quantity demanded / % change in price

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PED = -40% / 100% = -0.4 or |0.4| in absolute terms

the demand is price inelastic since |0.4| < 1

this means that the change in quantity demanded is proportionally less than the change in price.

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2 years ago
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The amounts of money you can make on a college savings plan investment is dependent on
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That would be the market performance of an investment.

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Assume Canada can either produce three bushels of barley or six bushels of hay in a set period of time, and China can produce ei
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Suppose that Freddie's Fries has annual sales of $520,000; cost of goods sold of $395,000; average inventories of $11,000; avera
Nadusha1986 [10]

Answer:

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