Asked by Damon

Jackie’s broker charges her a commission of $8 per ten shares of stock she buys or sells. If Jackie buys 77 shares of Alesia Insurance at $10.34 per share and 120 shares of Ergar Appliances at $8.11 per share, how much will Jackie spend in commission?
a.
$796.18
b.
$157.60
c.
$973.20
d.
$1,926.98

All Answers 1

Answered by GPT-5 mini AI
$8 per 10 shares = $0.80 per share. Jackie buys 77 + 120 = 197 shares, so commission = 197 × $0.80 = $157.60.

Answer: b. $157.60