The commission structure on a share purchase is $20 plus $0.02 per share. If you purchase 4 round lots of a share selling for $56, what is your commission?

Name: The commission structure on a share purchase is $20 plus $0.02 per share. If you purchase 4 round lots of a share selling for $56, what is your commission?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A round lot is 100 shares, so 4 round lots is 400 shares. The commission is $20 plus $0.02 per share, so the total commission is $20 + (400 * $0.02) = $28.

The Commission Structure on a Share Purchase Is $20 Plus