Concept explainers
To find: the amount in dollars, he did spend for the purchase and commission combined.
Answer to Problem 16CCSR
The total amount spent by C is $1165.
Explanation of Solution
Given information:
C purchased 50 shares of a stock at $23 per share. He paid a $15 commission to his broker for the purchase.
Calculation:
C purchased 50 shares of a stock at $23 per share. He paid a $15 commission to his broker for the purchase.
The total cost price of 50 shares is obtained as follows,
The cost of the shares is $1150.
The total amount spent by C for the purchase of shares and commission is obtained as follows.
The total amount spent by C is $1165.
Chapter 7 Solutions
High School Math 2015 Common Core Algebra 1 Student Edition Grade 8/9
Additional Math Textbook Solutions
College Algebra in Context with Applications for the Managerial, Life, and Social Sciences (5th Edition)
Elementary and Intermediate Algebra
College Algebra with Modeling & Visualization (6th Edition)
Graphical Approach To College Algebra
A Graphical Approach to College Algebra (6th Edition)
- Algebra and Trigonometry (6th Edition)AlgebraISBN:9780134463216Author:Robert F. BlitzerPublisher:PEARSONContemporary Abstract AlgebraAlgebraISBN:9781305657960Author:Joseph GallianPublisher:Cengage LearningLinear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning
- Algebra And Trigonometry (11th Edition)AlgebraISBN:9780135163078Author:Michael SullivanPublisher:PEARSONIntroduction to Linear Algebra, Fifth EditionAlgebraISBN:9780980232776Author:Gilbert StrangPublisher:Wellesley-Cambridge PressCollege Algebra (Collegiate Math)AlgebraISBN:9780077836344Author:Julie Miller, Donna GerkenPublisher:McGraw-Hill Education