Target accepts Visa, MasterCard, Discover, and American Express as well as its own Target charge cards. Assume
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Target accepts Visa, MasterCard, Discover, and American Express as well as its own Target 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 Target store (no payments were made by customers):
What is the net amount of cash received from charge sales during the period?
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Authors: Penne Ainsworth, Dan Deines
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