Question

Your broker charges a commission of 5.1% of the cost of the stock you sell. if you sell a batch of stocks worth $2,617.75, how much commission will you owe your broker? a. $133.51 b. $513.28 c. $110.56 d. $392.66

Answer 1

Commision is the percentage on a cost of good. The amount of commision you owe your broker is  $133.51

How to calculate commision on a cost of good

Commision is the percentage on a cost of good. GIven the following parameters

Cost of good = $2,617.75

If your broker charges a commission of 5.1% of the cost, the amount charged is given as:

Amount charged = 5.1% of $2,617.75
Amount charged = 0.051 * $2,617.75
Amount charged =  $133.51

Hence the amount of commision you owe your broker is  $133.51

Learn more on commission here: brainly.com/question/25169847

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