Question

Complete the table below by calculating the commission and adding it to the price of the stock.

John Tucker is interested in purchasing stock. He wants to determine the costs.

Number of Shares Price per share Total Commission @ 6% of Total Total Cost
100 ABC $26.25 $2,625 $ $
100 DEF $19.32 $1,932 $ $
40 GHI $9.77 $390.80 $ $
200 JKL $5.39 $1,078 $ $
100 MNO $33.44 $3,344 $ $

Answer 1

No of Shares Price per share Total Commission @ 6% of Total Total Cost
100 ABC $26.25 0.06 x $2,625 = $157.50 $2,625
100 DEF $19.32 0.06 x $1,932 = $115.92 $1,932
40 GHI $9.77 0.06 x $390.80 = $23.45 $390.80
200 JKL $5.39 0.06 x $1,078 = $64.68 $1,078
100 MNO $33.44 0.06 x $3,344 = $200.64 $3,344

Answer 2

We calculate the commission and adding it to the price of the stock to get total cost.

No Price Total Commission Total cost

100 $26.25 0.06 x $2,625 = $157.50 2625 + 157.50 =2782.5

100 $19.32 0.06 x $1,932 = $115.92 1932 + 115.92 =2047.92

40 $9.77 0.06 x $390.80 = $23.45 390.80 + 23.45= 414.25

200 $5.39 0.06 x $1,078 = $64.68 1,078 + 64.68 = 1142.68

100 $33.44 0.06 x $3,344 = $200.64 3,344 + 200.64 = 3544.64