document.write( "Question 717661: If I am being charged an 8.29% discount by my credit card processing company, how do I calculate the total amount I should charge a client, so that after the 8.29% discount, the net result is the number I want? i.e., if my bill is $1,000, and my credit card company charges an 8.29% discount, what gross amount do I have to charge to net $1,000? Thank you sooo much for your help! \n" ); document.write( "

Algebra.Com's Answer #440382 by solver91311(24713) $\"\"$ $\"About$

You can put this solution on YOUR website!
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\n" ); document.write( "\n" ); document.write( "You are going to charge the customer

dollars and the credit card processor is going to take

away from that amount. You want the net to be $1000. So:\r
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\n" ); document.write( "\n" ); document.write( "Which is to say:\r
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\n" ); document.write( "\n" ); document.write( "Are you asking this to answer a math class problem or are you really running a business? I only ask because if you are really running a business and your credit processor is charging you 8 and a third percent, you need to find a new credit card processor. Even if you are keying in the number (as opposed to swiping the card) and your transactions are non-qualified you shouldn't be paying more than 4.5%. If you are swiping and the transactions are qualified, it should be more in the range of 1.5 to 2%.\r
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\n" ); document.write( "\n" ); document.write( "John
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\n" ); document.write( "Egw to Beta kai to Sigma
\n" ); document.write( "My calculator said it, I believe it, that settles it
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$\"The$

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