Solve the problem.
-The following information on Company X appears in a stock table. Find the cost to purchase 250 shares of Company X at the day's closing price. Assume that the transaction is broker-assisted and includes typical discount broker's commissions as follows: $$\begin{array} { l | l }
\text { Principal Amount } & \text { Commission } \
\hline \text { Up to } \$ 2499.99 & \$ 35 + 1.7 \% \text { of principal } \
\$ 2500.00 - \$ 6249.99 & \$ 65 + 0.66 \% \text { of principal } \
\$ 6250.00 - \$ 19,999.99 & \$ 76 + 0.34 \% \text { of principal }
\end{array}$$
A)$8012.50
B)$8183.71
C)$8130.38
D)$8115.74

Question

Solve the problem.
-The following information on Company X appears in a stock table.  Find the cost to purchase 250 shares of Company X at the day's closing price. Assume that the transaction is broker-assisted and includes typical discount broker's commissions as follows: $$\begin{array} { l | l } 
\text { Principal Amount } & \text { Commission } \
\hline \text { Up to } \$ 2499.99 & \$ 35 + 1.7 \% \text { of principal } \
\$ 2500.00 - \$ 6249.99 & \$ 65 + 0.66 \% \text { of principal } \
\$ 6250.00 - \$ 19,999.99 & \$ 76 + 0.34 \% \text { of principal }
\end{array}$$
A)$8012.50 
B)$8183.71 
C)$8130.38 
D)$8115.74

Quizplus · Accepted Answer

The Answer of Solve the problem.
-The following information on Company X appears in a stock table.  Find the cost to purchase 250 shares of Company X at the day's closing price. Assume that the transaction is broker-assisted and includes typical discount broker's commissions as follows: $$\begin{array} { l | l } 
\text { Principal Amount } & \text { Commission } \
\hline \text { Up to } \$ 2499.99 & \$ 35 + 1.7 \% \text { of principal } \
\$ 2500.00 - \$ 6249.99 & \$ 65 + 0.66 \% \text { of principal } \
\$ 6250.00 - \$ 19,999.99 & \$ 76 + 0.34 \% \text { of principal }
\end{array}$$
A)$8012.50 
B)$8183.71 
C)$8130.38 
D)$8115.74

Solve the Problem A)$801250 B)$8183

Solve the Problem A)$801250
B)$8183