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aleksandr82 [10.1K]
2 years ago
5

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

for this transaction?
Mathematics
2 answers:
drek231 [11]2 years ago
7 0

Answer:

$ 7360.00

Step-by-step explanation:

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

Ulleksa [173]2 years ago
5 0

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.

#SPJ11

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