Problema Solution
When a student sold an Xbox on eBay for $151, she was charged a two-part final value fee: 5.25% of the first $25 of the selling price plus 3.25% of the remainder of the selling price over $25. Find the fee to sell the Xbox on eBay. (Round your answer to the nearest cent.)
Answer provided by our tutors
5.25% of the first $25 is 0.0525*25.
3.25% of the remainder of the selling price over $25 is 3.25% of $151 - $25 = $126 or 0.0325*126.
The total fee to sell the Xbox on eBay is:
0.0525*25 + 0.0325*126 = $5.41