Question

A stockbroker earns a commission by a flat fee for each transaction as well as a fee per share. On a particular transaction, the stockbroker sold 5,000 shares to a client at a rate of $0.01 per share. The cost of the transaction totaled $57.50. Which of the following equations describes the cost of this transaction in terms of shares sold?
A.
y = 0.01x
B.
y = 0.01x + 7.5
C.
y = 0.01x + 4,999.425
D.
y = 0.01x + 5,000

Answer 1

As flat fee =
57.50 - 5000*0.01 = 7.50 
Let fee per share = x 
so it would be
 y = 0.01x + 7.5
so i conclude correct option fro above statement is
B
hope it helps