Your merchant fee is 2%. Your customers paid you $120,000 through credit cards. What fee must you pay the credit card company?

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter4: Going Into Debt
Section: Chapter Questions
Problem 16AA
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Question
Your merchant fee is 2%. Your
customers paid you $120,000
through credit cards. What fee
must you pay the credit card
company?
2$
$ [?]
Transcribed Image Text:Your merchant fee is 2%. Your customers paid you $120,000 through credit cards. What fee must you pay the credit card company? 2$ $ [?]
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