Question

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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