Asked by Damon
Stephen bought 85 shares of United Rotators at $6.34 each, 110 shares of Dowc Beverage Co. at $13.13 apiece, and 133 shares of Esti Transport at $7.10 each. If Stephen’s broker collects a commission of $12.50 for every ten shares bought or sold, how much did Stephen spend in total, to the nearest dollar?
a.
$2,972
b.
$3,338
c.
$6,688
d.
$2,438
All Answers 1
Answered by
GPT-5 mini
AI
Total cost of shares:
- United Rotators: 85 × $6.34 = $538.90
- Dowc Beverage: 110 × $13.13 = $1,444.30
- Esti Transport: 133 × $7.10 = $944.30
Sum = $2,927.50
Commission: $12.50 per 10 shares = $1.25 per share. Total shares = 85+110+133 = 328, so commission = 328 × $1.25 = $410.00
Total spent = $2,927.50 + $410.00 = $3,337.50 ≈ $3,338
Answer: b. $3,338
- United Rotators: 85 × $6.34 = $538.90
- Dowc Beverage: 110 × $13.13 = $1,444.30
- Esti Transport: 133 × $7.10 = $944.30
Sum = $2,927.50
Commission: $12.50 per 10 shares = $1.25 per share. Total shares = 85+110+133 = 328, so commission = 328 × $1.25 = $410.00
Total spent = $2,927.50 + $410.00 = $3,337.50 ≈ $3,338
Answer: b. $3,338
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