A gas station is forecasted to sell 4000 gallons per day. Approximately 70% of the customers use

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A gas station is forecasted to sell 4000 gallons per day. Approximately 70% of the customers use credit/debit card, and the rest use cash. It costs the gas station owner 5 cents per gallon to process the credit/

debit card and gas price is at $2.50 per gallon. Cash processing cost is 0.04% of all the cash deposited. What should be the cash price for gas to make the net revenue comparable to credit price? What is the estimated monthly revenue for this station and its monthly payment processing cost?

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Related Book For  book-img-for-question

Service Systems Engineering And Management

ISBN: 978-0367781323

1st Edition

Authors: A. Ravi Ravindran ,Paul M. Griffin ,Vittaldas V. Prabhu

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