Question

What is the Total Cost of a stock purchase if the stock price is $12, shares purchased 100, with a 2% Broker's Fee? (Stock Price x Shares Purchased = Stock Cost; Stock Cost x Broker's Fee = Broker's Fee; Stock Cost + Broker's Fee = Total Cost)
A. $1,224

B. $1,200

Explanation:
Stock Price: $12
Shares Purchased: 100
Brokers Fee: 2%

Step One:
Stock Price x Shares Purchased = Stock Cost
12.00 x 100 = 1,200

Step Two:
Stock Cost x Brokers Fee= Brokers Fee#2
1,200 x 2% or 0.02 = 24

Step Three:
Stock Cost + Brokers Fee#2 = Total Cost
1.200 + 24= 1,224

ANSWER IS :

A. $1,224

Answer 1

That is correct, good job