The local grocery store expects that customers will use credit cards to pay for a total of $70,000

sales transactions during the month of April. These transactions are expected to amount to $ 10,00,000

in total sales revenue. The credit card issuers charge the store a transaction fee equal to $ 0.10per transaction plus 1.5%

of the amount charged. When budgeting for operating expenses inApril, how much should the store expect to incur for credit card transactionfees?