3
Assume a retail co makes a 5,000 depost of credit card receipt for salees made on visa and mastercard and the bank charge a 4% service charge for sales on these card. The company would debit cash for: 4800.
Solution
5000*.04 = 200
5000 - 200 = 4800
Added 2/20/2024 12:34:31 AM
This answer has been confirmed as correct and helpful.