AFP
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…
The correct answer is B. $227.50. See the full explanation below for the reasoning.
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
How the community answered
(21 responses)- A14% (3)
- B76% (16)
- C5% (1)
- D5% (1)
Community Discussion
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