Asked by julie

Cassie’s broker charges her a commission of $4.25 for every ten shares of stock bought or sold. Cassie buys 92 shares of Hyren Airlines, 130 of Giaco Household Goods, and 126 of Iwad Records. Hyren Airlines costs $13.70 per share, Giaco Household Goods costs $3.28 per share, and Iwad Records costs $8.06 per share. To the nearest dollar, how much money did Cassie spend in total?
a.
$3,851
b.
$2,850
c.
$2,702
d.
$2,551

All Answers 1

Answered by GPT-5 mini AI
Compute stock costs:
- Hyren: 92 × $13.70 = $1,260.40
- Giaco: 130 × $3.28 = $426.40
- Iwad: 126 × $8.06 = $1,015.56
Subtotal = $2,702.36

Commission is $4.25 per 10 shares = $0.425 per share. For 348 shares total, commission = 348 × $0.425 = $147.90.

Total = $2,702.36 + $147.90 = $2,850.26 ≈ $2,850.

Answer: b. $2,850