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Jack is heading home to visit his family in Great Britain and decided to stop at the airport kiosk to convert his money. He needs to convert C$5,000 to British pounds (£). The exchange mid-rate per C$ is £0.5841. The kiosk charges a commission of 4.5% on the conversion, plus a flat fee of £5.00.
a. How many pounds will Jack have?
b. What is the percentage cost of his transaction?
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