AFP CTP Exam - Topic 5 Question 20 Discussion

Actual exam question for AFP's CTP exam

Question #: 20
Topic #: 5

Merchant MNO's sales for the day total $20,000. Fifty percent are credit cards, split between Card Red and Card Blue respectively, at 65% and 35% of the card volume. The average ticket is $50. Fees paid are 2% for Card Red and 2.5% for Card Blue and a fee of $0.05 per transaction. What are the fees that MNO will pay to the issuing banks?

A$217.50

B$227.50

C$232.50

D$242.50

Show Suggested Answer

Suggested Answer: B

by Renea at Apr 04, 2026, 11:54 PM

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Olive

18 days ago

50% of that is credit card sales!

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Brynn

23 days ago

MNO's total sales are $20,000.

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Arlen

1 month ago

I’m a bit confused about how to split the sales between Card Red and Card Blue. I think it’s 65% for Red and 35% for Blue, but I hope I got that right!

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Tiera

2 months ago

If I recall correctly, we need to find the number of transactions too, since the $0.05 fee applies per transaction. That could change the total fees significantly.

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Rueben

2 months ago

I think we need to calculate the total credit card sales first, then apply the fees for each card type. I just hope I remember the right formulas!

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Marylin

2 months ago

I remember we did a similar question about calculating fees based on sales volume, but I’m not sure how to break down the percentages for each card.

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