Question

Your discount brokerage firm charges $8.95 per stock trade. How much money do you need to buy 210 shares of Pfizer, Inc. (PFE), which trades at $45.92?

Answer 1

Given :

Discount brokerage firm charges $8.95 per stock trade.

To Find :

How much money do you need to buy 210 shares of Pfizer, Inc. (PFE), which trades at $45.92 .

Solution :

Cost of 210 shares including brokerage charge :

$C=\ (210\times 45.92)+8.95\\\\C=\ (9643.2+8.95)\\\\C=\ 9652.15$

Therefore , money needed to buy 210 shares is $9652.15 .

Hence , this is the required solution .