What does the cryptic crossword clue "Penny replaced one percent RRP nominal fee (14)" mean?

The definition is "nominal fee". The wordplay uses anagram, charade. anagram of ONEPERCENTRRP ("one percent RRP") [anagram: "replaced"] + P (abbreviation of "Penny") = PEPPERCORNRENT; definition: "nominal fee" The answer is PEPPERCORNRENT.

Penny replaced one percent RRP nominal fee (14)

Independent Cryptic #11848 | 17 Across | 2024-09-30 flower

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