ABC Company accepted a national credit card for a €7,500 purchase. The cost of the goods sold is €6,000. The credit card company charges a 3% fee. What is the impact of this transaction on net operating income?

Question

Quizplus · Accepted Answer

The cost of goods sold is €6,000, and the credit card company charges 3% of €7,500 (the total transaction amount), which is €225. Therefore, the net revenue for ABC company is €7,275 (€7,500 - €225). The impact on net operating income is an increase of €1,275 (€7,275 - €6,000).

ABC Company Accepted a National Credit Card for a €7,500