Helen pays a 10% commission on the cost of the stock she bought at $17.57 per share. She purchased 150 shares. How much will Helen pay for the stocks and commission?

1 Answer
Nallasivam V
Feb 19, 2017

Helen has to pay #$2635.5#for the shares
Helen has to pay #$263.55# towards commission

Explanation:

Price of one share #=$.17.57#
Total Number of shares bought #=150#
Helen to pay for the stocks #=150 xx17.57=2,635.5#

Commission she has to pay #=10%#

If she buys $.100 worth of shares, commission is #=$10#
If she buys $.1 worth of shares, commission is #=$10/100#
If she buys $.2635.5 worth of shares, commission is #=$10/100xx2635.5=$263.55#

Helen has to pay #$2635.5#for the shares
Helen has to pay #$263.55# towards commission

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