Question

a store pays the fees when a customer uses credit card to make a purchase. these fees include a flat fee of $0.15 and a processing fee equal to 1.75% of the dollar amount of the purchase. What is the amount, in dollars and cents, the store pays in fees for a $60 purchase by a customer using a credit card

Answer 1

Calculate processing fee:
1.75% x $60 = 0.0175 x 60 = $1.05

Calculate total fee:
Total fee = $0.15 + $1.05 = $1.20

Answer: The store pays $1.20.