Fee Percentages

B.D. was working on this project at work. The project involves calculating fee percentages. So, they were given data where a $15.00 transaction had a $0.16 fee. B.D. said that the fee was about 1%. The project leader insisted that it was more like 4-5%. B.D. tried to convince him he was wrong, but the project leader would not be budged. Finally, the project leader suggested they go look at the fee calculation table. The table showed the fee percentage as 1.06667%, to which B.D. smiled in satisfaction. But to B.D.'s surprise and dismay, the project leader exclaimed that he didn't believe the table to be accurate. He then suggested that they needed to contact a Subject Matter Expert to get a second opinion.