Pete bought 70 shares of WBC co. at the close price of $41.25. his broker charges him 3% of each share as a transaction fee. how
much did Pete spend in total to buy this stock?
1 answer:
Answer:2974.125
Step-by-step explanation:
Price of a share is 41.25
and price of 70 shares = 
=2887.5
and broker charges =3%
i.e. 3% of 41.25=1.2375
For 70 shares=86.625
Therefore he paid=2887.5+86.625=$ 2974.125
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