James Brewer purchased 100 shares of stock for $72 a share. James also paid $55 commission. What was the total purchase price for this transaction?

Question

Quizplus · Accepted Answer

To find the total purchase price, we need to add the cost of the shares and the commission.
Cost of 100 shares = $72/share x 100 shares = $7,200
Commission = $55
Total purchase price = $7,200 + $55 = $7,255.00

James Brewer Purchased 100 Shares of Stock for $72 a Share