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1 August, 03:33

Alex buys 30 shares of Wal-Mart at the close price of $48.80. His broker charges him 3% of each share as a transaction fee. How much did Alex spend in total to buy this stock?

A. $1528.32

B. $1486.48

C. 1464.00

D. 1507.92

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Answers (1)
  1. 1 August, 03:45
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    3% of 48.80 is 1.464

    $1.464 times 30 since its for each share is $43.92

    Then what i think is ... 30 times 48.80 = 1464

    then add 43.92 to 1464 to get 1507.92
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