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16 June, 21:25

Theo buys 116 shares of Raxin Accounting at $15.66 per share and 165 shares of Sanden Research Labs at $8.57 per share. If Theo's broker charges a commission of $11.50 per ten shares bought or sold, how much does Theo pay in commission?

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  1. 16 June, 21:46
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    Given:

    total number of shares bought=116+165=281 shares.

    broker charges = $11.50/10 shares.

    solution:

    total commission = (281*11.50) / 10 = $323.15
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