Belinda used an online broker who charged a flat fee of $8.99 per transaction. If Belinda bought 100 shares of of BMN Inc, stock at / $12.85 a share, what was the total cost of the transaction?

The total cost of transactions for Belinda is $899.

Solution:

Given that, Belinda used an online broker who charged a flat fee of $8.99 per transaction.

Belinda bought 100 shares of of BMN Inc, stock at / $12.85 a share,

We have to find what was the total cost of the transaction?

Now, we know that, transaction cost per transaction = $8.99

And, number of transactions = 100 shares.

Then, total cost of transaction = cost per transaction x number of transactions = 100 x 8.99 = $899

Hence, the total cost of transactions is $899