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al roy bought five bonds of jort co 11 3/4 at 93.25 and four bonds of inst system 12x08 for 81.125. if the commission on the bonds is 2.50 per bond, the total cost of all the purchases is
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Dec 17, 2017
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al roy bought five bonds of jort co 11 3/4 at 93.25 and four bonds of inst system 12x08 for 81.125. if the commission on the bonds is 2.50 per bond, the total cost of all the purchases is
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Dewey
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2.5% of $93.25= $2.331
2.5% of $81.125 = $2.028
five bonds of Jort Co. 11 3/4 = 5 * ($93.25 + $2.331) = $477.9
four bonds of Inst. System 12x08 = 4 * ($81.125 + $2.028) = $332.6
Therefore the answer is $477.9 + $332.6 = $810.5
Alex Glover
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Dec 18, 2017
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the answer is $477.9 + $332.6 = $810.5
Prathamesh Shetye
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Dec 21, 2017
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Prathamesh Shetye
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