Jose Mendez bought 200 shares of stock at a quotation of 24.5. The brokerage fee was $139. What was the total cost?

1 answer:

8 0

For this case we have that the total cost is:
C = (shares) * (quotation) + (brokerage fee)
Substitute the values we have:
C = (200) * (24.5) + (139)
C = 4900 + 139
C = 5039 $
Answer:
the total cost was:
C = 5039 $

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