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%
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.
