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 m

Question

2 years ago

11

uch commission will you owe your broker? a. $133.51 b. $513.28 c. $110.56 d. $392.66

1 answer:

sveta [45] · Answer 1 · 2023-05-04T20:37:05+03:00

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

<h3>How to calculate commision on a cost of good</h3>

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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