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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%

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%
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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%

asked
User Jungtaek Lim
by
7.4k points

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.
answered
User Meylin
by
7.7k points
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