Asked by Amanda Crosby on May 15, 2024
Verified
Ralph bought 100 shares of Meredian stock at $86; 100 shares of Lawson stock at 30.25; and 100 shares of Puritan stock at 22.50. Commission charges were $0.20 per share. Compute the total cost of the purchase.
Commission Charges
Fees that are paid to an agent or company for facilitating a transaction, often calculated as a percentage of the transaction value.
Total Cost
The full amount of expenses incurred for producing or acquiring a product or service.
- Determine the total cost of purchasing shares, including commissions.
Verified Answer
MB
Learning Objectives
- Determine the total cost of purchasing shares, including commissions.