Excel formula for minimum charge or % of transaction, whichever is higher

[TravelBug]

Hi, I need a formula to calculate charges as follows: standard charge is 3% or minimum charge of $10 will apply, whichever is greater.

[#2]

=Max(0.03*x, 10) where x is the number 3% is applied to.

[#3]

Thank you for your prompt assistance.