Steve purchased 200 shares of stock at $14.25 per share. The commission is 2% of the total transaction. What is the total cost of the transaction?

Name: Steve purchased 200 shares of stock at $14.25 per share. The commission is 2% of the total transaction. What is the total cost of the transaction?
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Question

Quizplus · Accepted Answer

The cost of the shares is 200 * $14.25 = $2,850. The commission is 2% of $2,850, which is $57. The total cost is $2,850 + $57 = $2,907.

Steve Purchased 200 Shares of Stock at $14