Serina bought 300 shares of stock at 24 1/2. She had to pay a 1%

Question

commission to her broker. What was the total price of the stock?

Answer 1

First, calculate the total cost of the stock before the commission:
300 shares * $24.50 per share = $7350

Next, calculate the 1% commission:
1% of $7350 = 0.01 * $7350 = $73.50

Finally, add the commission to the total cost of the stock:
$7350 + $73.50 = $7423.50

Therefore, the total price of the stock, including the commission, was $7423.50.