224k views
4 votes
Geoffrey buys 48 shares of Deegan Pharmaceuticals at $6.15 each, and his broker charges him a commission of $81. How much did Geoffrey pay for his stock?

User Fervid
by
7.7k points

2 Answers

2 votes
Ik you posted it last week but for ppl in the future, the answer is A
User Joozek
by
8.8k points
5 votes

Answer:


\$376.2

Explanation:

Given: Geoffrey buys
\$48 shares of Deegan Pharmaceuticals at
\$6.15 each, and his broker charges him a commission of
\$81

To Find: How much did Geoffrey pay for his stock.

Solution:

Total number of shares of Deegan pharmaceutical bought
=48

price of each share
=\$6.15

commision charged by broker
=\$81

Now,

total cost of share
=(\text{total number of shares})*(\text{price of one share})


=48*6.15


\$295.2

total cost of stock after adding broker commission


295.2+81


\$376.2

Geoffrey paid
\$376.2 for his stock

User TLK
by
7.9k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.