It would be 1 1/2 or 1.5 pounds in total
3/8 as a decimal is .375 (divide 3 by 8)
Then you multiply .375 by 4 then you get 1.5 or 1/ 1/2.
Your answer would have to be 69with the remainder of 1
(open the picture for the shown work :) )
Total expense= sum of all expenses incurred
= commission+legal fees+advertising+printing cost+accounting fees
Total amount of shares sold=$ 2000000 x $62.5
=$ 125000000
commission= 4% of the total amount of shares sold = .04x12500000
=$ 5000000
total expenses= $5000000+$2255500+$450000+$324400+$386000
=$8415900
selling expense/share = $8415900/2000000
=$4.21/shareThe total expense per share is $4.21.
