Business, 24.06.2019 18:30 orcawave9408

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

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What is the total cost of a stock purchase if the stock price is $12, shares purchased 100, with a 2...

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