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You purchase 100 shares for $50 a share. What's the total cost?

A) $5000
B) $4500
C) $5500
D) $6000

User Chfw
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1 Answer

5 votes

Final answer:

To calculate the total cost of purchasing 100 shares at $50 each, multiply the number of shares by the price per share, resulting in a total cost of $5,000.

Step-by-step explanation:

The question posed relates to basic arithmetic and the concept of multiplication when calculating the total cost of purchasing shares. To find the total cost, we multiply the number of shares by the price per share. In this scenario, you purchase 100 shares at $50 per share.

The calculation would be as follows:

100 shares × $50/share = $5,000

Therefore, the total cost of purchasing the 100 shares at $50 each is $5,000, making answer A) $5,000 the correct choice.

User Preet Sangha
by
8.1k points