Question

Rachel's Beach Shoppe charges tourists to use their credit cards to purchase merchandise at the vacation store. On​ Monday, Rachel sold $ 5,000 in merchandise to tourists that used their credit cards to purchase beachwear at the store. The bank charges​ Rachel's store 1.4​% of the total credit card purchases per day to settle the credit transactions. What is the total deposit Rachel expects the bank to deposit into her account after the total bank fees and charges are taken out of the credit purchases on​ Monday?

Answer 1

$4.930

Step-by-step explanation:

According to the information, the sells by credit card on Monday were $5.000.

Since there is a charge of 1,4% the bank takes from the total purchases per day, we have to take the $5.000 and multiply by 1.4% to find how much the bank fees will costs.

After doing that operation we have that the fees are $70, this means that the deposit Rachel's Beach Shoppe should receive is $4.930

I hope it helps!