Question

Abigail Eddy purchased 200 shares of stock at $11.58 per share. Her online stock-broker charged her $12.50 commission. What is the total amount that she paid for the stock? Show work.

A) 1,547.20
B) 2,328.50
C) 2,154.54
D) 2,316.00

Answer 1

B) 2328.50

Explanation:

We are given 200 shares at $11.58 per share. By multiplying the number 200 with each share value will get the cost of all shares.

Total shares = 200

Cost per share = $11.58

Cost of 200 shares: Total shares * cost per share

= 200 * 11.58 = 2316

Commission charged = $12.50

Total amount: Cost of 200 shares + Commission charged

= 2316 + 12.50

Total amount = 2328.50