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jackchelly
jackchelly
26.11.2021 • 
Mathematics

A local Thai restaurant, expects sales to be $570,000 in January. Its average customer restaurant bill is $30. Only 30% of the restaurant bills are paid with cash; 50% are paid with credit cards and 20% with debit cards. The transaction fees charged by the credit and debit card issuers are as follows: Credit cards: $0.35 per transaction + 5% of the amount charged

Debit cards: $0.25 per transaction + 2% of the amount charged

Requirement 1. How much of the total sales revenue is expected to be paid in cash?

The total sales revenue expected to be paid in cash is

Requirement 2. How many customer transactions does the company expect in January?

In January, the number of transactions the company expects is

Requirement 3. How much of the total sales revenue is expected to be paid with credit cards?

The total sales revenue expec

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