If Extol's Inc. sells items to a customer who uses a credit card for $800, and there is a credit card fee of 2%, what is the amount of the debit to cash?

Name: If Extol's Inc. sells items to a customer who uses a credit card for $800, and there is a credit card fee of 2%, what is the amount of the debit to cash?
Brand: Quizplus
Rating: 4.7 (53 reviews)

Question

Quizplus · Accepted Answer

The debit to cash is the amount received after the credit card fee is deducted. The fee is 2% of $800, which is $16. Therefore, the cash received is $800 - $16 = $784.