Question

What is the Total Cost of a stock purchase if the stock price is $54, shares purchased 150, with a $5 Commission Fee? (See problem 1 for help with formula). Group of answer choices a $8,105 b $8,255

Answer 1

a $8,105

Step-by-step explanation:

To find the answer you have to use the ormula to calculate the total cost of a stock purchase:

Total cost=(Price per stock*Number of stocks)+Commission

Total cost=($54*150)+$5

Total cost=$8,105

According to this, the answer is that the total cost of a stock purchase is $8,105.