PLEASE HELP!! A friend is trying to decide whether to choose Broker A who charges a flat fee of $50.00 per trade or Broker B who charges 2% of the trade.
The better decision depends on how much your friend is planning on spending.
• Name a purchase price where Broker A would be the better choice. What would the broker fee cost?
• Name a purchase price where Broker B would be the better choice. What would the broker fee cost?
• Is there a purchase price where the broker fees would be equal?