84.1k views
5 votes
Elliston company accepted credit card payments for $10,000 of services provided to customers. the credit card company charges a 3% service charge. this transaction would increase:

User Hkn
by
7.5k points

1 Answer

0 votes

To solve this question, take 3% of $10,000 to see what the increase would be:

$10,000 x 3% = $300

There is an increase of $300 due to the 3% credit card processing fee that the credit card company is imposing on Elliston.

User Hitesh Danidhariya
by
8.3k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories