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A stockbroker earns a commission by a flat fee for each transaction as well as a fee per share. On a particular transaction, the stockbroker sold 5,000 shares to a client at a rate of $0.01 per share. The cost of the transaction totaled $57.50. Which of the following equations describes the cost of this transaction in terms of shares sold?

A.
y = 0.01x
B.
y = 0.01x + 7.5
C.
y = 0.01x + 4,999.425
D.
y = 0.01x + 5,000

User Hunteke
by
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2 Answers

4 votes

Answer:BBBBBBBBBB

Step-by-step explanation:

BBBBBBBB

User Yoonmi
by
8.9k points
5 votes
As flat fee =
57.50 - 5000*0.01 = 7.50
Let fee per share = x
so it would be
y = 0.01x + 7.5
so i conclude correct option fro above statement is
B
hope it helps
User Wilhelm Olejnik
by
9.1k points