james brewer purchased 100 shares of stock for $73 a share. james also paid a $60 commission. what was the total purchase price

Question

2 years ago

5

for this transaction?

2 answers:

drek231 [11] · Answer 1 · 2023-08-02T18:11:18+03:00

7 0

Answer:

$ 7360.00

Step-by-step explanation:

100 shares * $ 73/share + $60 = $ 7360

Ulleksa [173] · Answer 2 · 2023-08-02T15:49:07+03:00

Based on the calculation below, the total purchase price for this transaction is $7,360.

<h3>How do we calculate the total purchase price of shares of stock?</h3>

The total purchase price for this transaction can be calculated using the following formula:

Total purchase price = (Price per share * Units of shares purchased) + Commission ...................................... (1)

Substituting all the values into equation (1), we have:

Total purchase price = ($73 * 100) + $60 = $7,360

Learn more about share purchases here: brainly.com/question/20490753.

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