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The local grocery store expects that customers will use credit cards to pay for a total of 120,000 sales transactions during the monsh of April.
The local grocery store expects that customers will use credit cards to pay for a total of 120,000 sales transactions during the monsh of April. These transactions are expected to amount to $9,000,000 in total sales revenue. The credit card issuers charge the store a transaction fee equal to $0.10 per transaction plus 3% of the amount charged. When budgeting for operating expenses in Aprii, how much should the store expect to incur for credit card transaction foes
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