Question: Eddie Bauer accepts Visa MasterCard Discover and American Express as

Eddie Bauer accepts Visa, MasterCard, Discover, and American Express as well as its own Eddie Bauer charge cards. Assume that Visa and MasterCard charge a 1.8 percent processing fee while Discover and American Express charge a 3.5 percent processing fee. During the period, the following charge card sales occurred at a particular Eddie Bauer store (no payments were made by customers):
Visa .............................................................. $ 8,650
MasterCard .................................................. 10,625
Discover ....................................................... 6,175
American Express ........................................... 2,130
Eddie Bauer ................................................. 25,843
What is the net amount of cash received from charge sales during the period?

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  • CreatedMarch 25, 2015
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