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

Question

3 years ago

9

much did Pete spend in total to buy this stock?

1 answer:

olya-2409 [2.1K] · Answer 1 · 2021-12-15T10:47:42+03:00

6 0

Answer:2974.125

Step-by-step explanation:

Price of a share is 41.25

and price of 70 shares = $41.25\times 70$

=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