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A retail balance is the current outstanding balance that a credit card (account) has excluding any other transactions such as cash withdrawals and levied charges.

It is basically the outstanding balance from all purchases made at retail outlets/stores, be it physical or virtual (on the net).

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Q: What is a retail balance?
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Ryan gray has a balance of 380 on his retail charge card if the store levies a finance charge of 21 percent per year how much monthly interest will be added to his account?

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