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just olya [345]
1 year ago
5

harold bought a new jacket at the department store for $84.79 and charged it to his credit card. the credit card company charges

the department store a fee of 2.75% of the amount charged. how much will the credit card company pay to the department store?
Business
1 answer:
Dovator [93]1 year ago
6 0

The credit card company will pay an amount totaling to approximately $82.45 to the department store after deducting its fees of 2.75% of the transaction amount.

For the information provided above, the computation of the amount to be charged by the credit card company as its fees to the department store for a purchase of $84.79 will be calculated as below,

Credit Card Fees = Transaction Amount – Fees

Credit Card Fees = 84.79-2.75%

Credit Card Fees = 84.79 -2.34

Credit Card Fees = 82.45

Therefore, the credit card company will pay $82.45 to the department store.

Learn more about credit card fees here:

brainly.com/question/29060023

#SPJ4

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I have attached an Excel Sheet that identifies all the events that need to be accounted for. If you have any queries regarding the Journal Entries, please free to ask me that.

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