MATH SOLVE

8 months ago

Q:
# Alex buys 30 shares of Wal-Mart at the close price of $48.80. His broker charges him 3% of each share as a transaction fee. How much did Alex spend in total to buy this stock?A. $1528.32B. $1486.48C. 1464.00D. 1507.92

Accepted Solution

A:

3% of 48.80 is 1.464

$1.464 times 30 since its for each share is $43.92

Then what i think is...30 times 48.80 =1464

then add 43.92 to 1464 to get 1507.92

$1.464 times 30 since its for each share is $43.92

Then what i think is...30 times 48.80 =1464

then add 43.92 to 1464 to get 1507.92