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N76 [4]
3 years ago
7

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?
Mathematics
1 answer:
alexgriva [62]3 years ago
6 0

Answer:

Step-by-step explanation:

For equating the transaction fees of Lisa and the broker:

1.5 % of Total stock purchase price = $24

\frac{1.5}{100} * x = 24

∴Total Stock purchase price = $1600

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