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The merchant fee on credit card purchases for your business is 3%. Your customers paid you $280,000. What is your total merchant fee?

The merchant fee on credit card purchases for your business is 3%. Your customers paid you $280,000. What is your total merchant fee?
2.9k views
3 votes
The merchant fee on credit card

purchases for your business is
3%. Your customers paid you
$280,000.
What is your total merchant fee?

User Behnam
by
7.9k points

1 Answer

7 votes
$8,400

Multiply a number by 0.03 to find 3% of it

280,000 X 0.03 = 8,400
User Christian Meyer
by
7.7k points
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