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Ilya [14]
3 years ago
13

Geoffrey buys 48 shares of Deegan Pharmaceuticals at $6.15 each, and his broker charges him a commission of $81. How much did Ge

offrey pay for his stock?
Mathematics
2 answers:
rosijanka [135]3 years ago
7 0

Answer:

\$376.2

Step-by-step explanation:

Given:  Geoffrey buys \$48 shares of Deegan Pharmaceuticals at \$6.15 each, and his broker charges him a commission of \$81

To Find: How much did Geoffrey pay for his stock.

Solution:

Total number of shares of Deegan pharmaceutical bought =48

price of each share =\$6.15

commision charged by broker =\$81

Now,

total cost of share=(\text{total number of shares})\times(\text{price of one share})

                             =48\times6.15

                             \$295.2

total cost of stock after adding broker commission

                             295.2+81

                             \$376.2

Geoffrey paid  \$376.2 for his stock

Deffense [45]3 years ago
5 0
Ik you posted it last week but for ppl in the future, the answer is A
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