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CTP · Question #419
(Topic 5) Merchant MNO's sales for the day total $20,000. Fifty percent are credit cards, split average ticket is $50. Fees paid are 2% for Card Red and 2.5% for Card Blue and a fee of $0.05 per…
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Question
- (Topic 5)
Merchant MNO’s sales for the day total $20,000. Fifty percent are credit cards, split average ticket is $50. Fees paid are 2% for Card Red and 2.5% for Card Blue and a fee of $0.05 per transaction. What are the fees that MNO will pay to the issuing banks?
Options
- A$217.50
- B$227.50
- C$232.50
- D$242.50
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