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CTP · Question #448
CTP Question #448: Real Exam Question with Answer & Explanation
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Question
- (Topic 5) A merchant closes its day with a total of 100 credit card transactions of an average ticket value of $100. The interchange reimbursement fees are 2% and transaction fees are $0.05. If this merchant receives gross settlement, what would be the value of deposit to the account for that day?
Options
- A$9,795
- B$9,800
- C$9,995
- D$10,000
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