Question

Sam Salmon is interested in purchasing stock. He wants to determine the costs.

Answer 1

1. 100 ABC, $16.25, $1,625, A. 97.68, B. $1,530.32

2. 100 DEF, $11.31, $1,131, A. $67.80, B. $1,062.20

3. 40 GHI, $9.15, $366, A. $21.96, B. $344.04

4. 100 JKL, $15.27, $1,527, A. $91.62, B. $1435.38

5. 100 MNO, $13.22, $1,322, A. $79.32, B. $1242.68

Hope This Helps!!!

Answer 2

Answer:

The answers for the empty boxes are, in order:

$97.50, $1722.50; $67.86, $1198.80; $21.96, $387.96; $91.62, $1618.60; $79.32, $1401.30

Step-by-step explanation:

To fill in the first column, the amount of commission, we multiply the total for each stock by the commission rate, 6%.  6% = 6/100 = 0.06; this means we multiply each by 0.06:

0.06(1625) = 97.50

0.06(1131) = 67.86

0.06(366) = 21.96

0.06(1527) = 91.62

0.06(1322) = 79.32

Next we add each amount of commission to the total for the stock:

1625+97.50 = 1722.50

1131+67.86 = 1198.80

366+21.96 = 387.96

1527+91.62 = 1618.60

1322+79.32 = 1401.30