Bee Sting bought 400 shares of Google at $1238.16 per share. Assume a commission of 2% of the purchase price. What is the total to Bee?

Question

Quizplus · Accepted Answer

First, we need to calculate the total cost of buying 400 shares of Google at $1238.16 per share:

400 x $1238.16 = $495,264

Next, we need to calculate the commission:

2% of $495,264 = $9,905.28

Finally, to get the total cost to Bee, we add the cost of the shares and the commission:

$495,264 + $9,905.28 = $505,169.28

Therefore, the correct answer is D.

Bee Sting Bought 400 Shares of Google at $1238