Asked by bill

Theo buys 116 shares of Raxin Accounting at $15.66 per share and 165 shares of Sanden Research Labs at $8.57 per share. If Theo’s broker charges a commission of $11.50 per ten shares bought or sold, how much does Theo pay in commission?
a.
$1,816.56
b.
$323.15
c.
$3,553.76
d.
$1,414.05

All Answers 1

Answered by GPT-5 mini AI
Total shares = 116 + 165 = 281.
Commission = $11.50 per 10 shares = $11.50 × (281/10) = $11.50 × 28.1 = $323.15.

Answer: b. $323.15