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A credit card processing company charges a fee of $0.03 per dollar for each transaction. What percent of each transaction is the fee?

A.
0.03%
B.
0.3%
C.
30%
D.
3%

1 Answer

4 votes
Your answer is D. In percentages, 1 would be the equivalent of 100%. Therefore, if it is out of one dollar, and the fee is .03, then it would be 3% of one dollar.
User Meylin
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