Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

Exercise 49

CREDIT-CARD DEPOSITS Rose Gardens does most of its business on the Internet and accepts credit cards. In a recent period, the business had the following credit-card charges and credits. (See Examples.)
Find the Fees and Net Deposit on Cedit-Card Sales

Here are some credit-card sales and credit-card refunds made one afternoon at Rose Gardens. Find the total credit-card sales, the total-credit card refunds, and the net credit-card sales. Then find the bank fee charged, assuming a fee of 2, of the net credit-card sales. Finally, find the amount deposited to Rose Garden's checking account.
CASE IN POINT
SOLUTION
Adding the numbers given above results in credit-card sales of $1431.97 and credit-card refunds of $129.78. Then find the net credit-card sales as follows.

The bank fee is 2% of net credit card sales.

Finally, find the amount deposited to Rose Garden's checking account.



Find the amount of the credit given to Rose Gardens after the fee is subtracted. __________