Lisa is a broker who charges 1.5% per stock transaction fee. A competing online broker charges $24 per trade. If someone is plan
ning to purchase stock, at what total purchase price would Lisa's commission equal the online broker fee?
1 answer:
Answer:
Step-by-step explanation:
For equating the transaction fees of Lisa and the broker:
1.5 % of Total stock purchase price = $24

∴Total Stock purchase price = $1600
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