Question

Barry Olson just purchased 800 shares of an electronics corporation stock at $42.17 per share. His online broker charged him $10.00 commission. What was the total cost of the stock? Show work.

A) 22,489
B) 33, 579
C) 42, 458
D) 33, 746

Answer 1

Option D) 33746

Explanation:

Total shares: 800

Share price: $42.17

Commission charged: $10

Total price of shares: Total shares × share price

= 800 × 42.17 = 33736

Total Cost: Total price of shares + Total Commission charged

= 33736 + 10 = $33746