Solve the problem.
-The following information on Company X appears in a stock table. Find the cost to purchase 1180 shares of Company X at the day's closing price. Assume that the transaction is automated and includes typical discount broker's commissions as follows: $\begin{array}{l|l}
\text { Number of Shares } & \text { Commission } \
\hline \text { Up to } 1000 & \$ 29.95 \
\text { More than } 1000 & 3 \text { cents per share }
\end{array}$

A) $\$ 38,680.40$
B) $\$ 38,710.35$
C) $\$ 39,804.35$
D) $\$ 38,674.95$

Question

Solve the problem.
-The following information on Company X appears in a stock table.  Find the cost to purchase 1180 shares of Company X at the day's closing price. Assume that the transaction is automated and includes typical discount broker's commissions as follows: $\begin{array}{l|l}
\text { Number of Shares } & \text { Commission } \
\hline \text { Up to } 1000 & \$ 29.95 \
\text { More than } 1000 & 3 \text { cents per share }
\end{array}$

A) $\$ 38,680.40$ 
B) $\$ 38,710.35$ 
C) $\$ 39,804.35$ 
D) $\$ 38,674.95$

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 1180 shares of Company X at the day's closing price. Assume that the transaction is automated and includes typical discount broker's commissions as follows: $\begin{array}{l|l}
\text { Number of Shares } & \text { Commission } \
\hline \text { Up to } 1000 & \$ 29.95 \
\text { More than } 1000 & 3 \text { cents per share }
\end{array}$

A) $\$ 38,680.40$ 
B) $\$ 38,710.35$ 
C) $\$ 39,804.35$ 
D) $\$ 38,674.95$

Solve the Problem A) $38,680.40\$ 38,680.40$38,680.40 B) $38,710.35\$ 38,710.35$38,710.35 C) $39,804.35\$ 39,804.35$39,804.35 D) $38,674.95\$ 38,674.95$38,674.95

Solve the Problem A) $\$ 38,680.40$ B) $\$ 38,710.35$ C) $\$ 39,804.35$ D) $\$ 38,674.95$