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Finances: "Fundraising Online with Two Types of Fees"

Question

You are fundraising online, and you would like to raise $ dollars. However, you need to pay two different types of fees. The fees are only paid after you close the fundraiser, and thus know the total sum of the donations and also how many transactions were made to raise this money. The first fee is a flat rate fee of % that you need to pay on the total value of the money that was donated. Next, you need to additionally subtract $0.20 per transaction, and you know that there were transactions. What do your gross proceeds from the fundraiser need to be in order for you to meet your goal?

Please Choose a Multiple Choice Answer Here & Then Click Submit

$1
$1
$1
$1