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
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Question

Quizplus · Accepted Answer

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