To determine the total amount collected as fees, you multiply the market fee by the number of traders.
Total amount collected = market fee * number of traders
= 15k * 750
= 11,250,000
Therefore, the amount that should have been collected as fees is 11,250,000.
In a town, market fees of 15k are collected from every trader. If there were 750 traders in the market last Friday, how much should have been collected as fees?
1 answer