The purchase price of the stock includes the commission paid
to the stockbroker. You have to multiply the cost per stock of the stock to the
number of shares purchased by Maureen to get the purchase price. You have to
multiply the purchase price with the percentage of commission to get the
commission. You add the purchase price and the commission to get the total
purchase price of the stock.
200 shares x $12.5 per share = $2,500
$2,500 x 1% commission
= $25
Total purchase price = $2,525
Answer: 3
Step-by-step explanation:
Answer: 25
Step-by-step explanation:
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