S$9-14$ Estimate credit card fees $($modified$)($Learning Objective $4)$

The local grocery store expects that customers will use credit cards to pay for a total of

$90,000$ sales transactions during the month of April. These transactions are expected to

amount to $$1,000,000$ in total sales revenue. The credit card issuers charge the store a

transaction fee equal to $$0\mathrm{.}45$ per transaction plus $1\mathrm{.}5\%$ of the amount charged. When

budgeting for operating expenses in April, how much should the store expect to incur for

credit card transaction fees? How much cash will the grocery store collect from the

credit card company?