Question

Stock in Macy's costs $25.75 per share. Hector buys 200 shares of Macy's

through his broker who charges a commission of $25.75. How much did George
pay in total to purchase the stock?

Answer 1

Answer: $5175.75

Explanation:

The amount that is paid in total to buy the stock will be gotten through the addition of the cost of the shares and the commission paid. This will be:

= (200 × $25.75) + $25.75

= $5150 + $25.75

= $5175.75

Therefore, the total amount that is paid to buy the stock will be $5175.75.