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5 April, 18:47

Jose Mendez bought 200 shares of stock at a quotation of 24.5. The brokerage fee was $139. What was the total cost?

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  1. 5 April, 18:53
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    For this case we have that the total cost is:

    C = (shares) * (quotation) + (brokerage fee)

    Substitute the values we have:

    C = (200) * (24.5) + (139)

    C = 4900 + 139

    C = 5039 $

    Answer:

    the total cost was:

    C = 5039 $
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