Question

Elliston company accepted credit card payments for $10,000 of services provided to customers. the credit card company charges a 3% service charge. this transaction would increase:

Answer 1

To solve this question, take 3% of $10,000 to see what the increase would be:

$10,000 x 3% = $300

There is an increase of $300 due to the 3% credit card processing fee that the credit card company is imposing on Elliston.