Ask Question

Marisa wants to buy 200 shares of IBM at $90 per share. Her regular, full-service broker will charge her a

commission of two percent. She can do the transaction with an online broker for a fixed commission of $19.

How much would she save by doing it online?

A

$161

B. $19.

C. $341

$251

+5
Answers (1)
  1. 13 January, 15:32
    0
    C. $341

    Explanation:

    If she buys the 200 shares of IBM at $90 per share

    This means that 200 shares will be = 200 x 90 = $18,000

    From the question, her regular broker will charge her 2% for this transaction, which is =

    2% of 18,000 = $360

    However, if she does it online, she pays a fixed commission of $19

    Hence she saves = $360 - $19 = $341
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Marisa wants to buy 200 shares of IBM at $90 per share. Her regular, full-service broker will charge her a commission of two percent. She ...” in 📗 Computers & Technology if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers