When a student sold an xbox on ebay for $153, she was charged a two part final value fee: 5.25% of the first $25.00 of the selling price plus 3.25% of the remainder of the sell price over $25.00. Find the fee to sell the xbox on ebay.
well, just break the price into two parts: $25 and $128
so, the fee is
25(.0525) + 128(.0325)
To find the fee to sell the Xbox on eBay, we need to calculate two separate fees: one for 5.25% of the first $25.00 of the selling price and another for 3.25% of the remainder of the selling price over $25.00. Let's break it down step by step:
Step 1: Calculate the fee for the first $25.00:
The selling price is $153.00, but we only need to consider the fee for the first $25.00.
Fee for the first $25.00 = 5.25% of $25.00
Fee = (5.25/100) * $25.00
Step 2: Calculate the fee for the remainder of the selling price over $25.00:
The selling price is $153.00, but we already considered the fee for the first $25.00. So, we need to calculate the fee for the remainder.
Remainder = Selling price - $25.00
Fee for the remainder = 3.25% of the remainder
Fee = (3.25/100) * Remainder
Step 3: Add the two fees together to get the total fee:
Total fee = Fee for the first $25.00 + Fee for the remainder
Now, let's calculate the values:
Fee for the first $25.00 = (5.25/100) * $25.00
Fee for the first $25.00 = $1.3125
Remainder = $153.00 - $25.00
Remainder = $128.00
Fee for the remainder = (3.25/100) * $128.00
Fee for the remainder = $4.16
Total fee = $1.3125 + $4.16
Total fee = $5.4725
Therefore, the fee to sell the Xbox on eBay is $5.47.