SOLUTION: A transaction is positive if there is a sale and negative when there is a return. Each time a customer uses a credit card for a transaction, the credit company charges Isabel. The

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: A transaction is positive if there is a sale and negative when there is a return. Each time a customer uses a credit card for a transaction, the credit company charges Isabel. The       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 1032157: A transaction is positive if there is a sale and negative when there is a return. Each time a customer uses a credit card for a transaction, the credit company charges Isabel. The credit company charges 1.5% of each sale and a fee of 0.5% for returns.
a) Let x represent the amount of a transaction and let f(x) represent the amount Isabel is charged for the transaction. Write a function that expresses f(x).

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
A transaction is positive if there is a sale and negative when there is a return. Each time a customer uses a credit card for a transaction, the credit company charges Isabel. The credit company charges 1.5% of each sale and a fee of 0.5% for returns.
a) Let x represent the amount of a transaction and let f(x) represent the amount Isabel is charged for the transaction. Write a function that expresses f(x).
-----
Charge on sale:: 0.015*x
-----
Charge on reture:: 0.005x
-------------
Cheers,
Stan H.
---------------