A stockbroker earns a commission by a flat fee for each transaction as well as a fee per share. On a particular transaction, the stockbroker sold 5,000 shares to a client at a rate of $0.01 per share. The cost of the transaction totaled $57.50. Which of the following equations describes the cost of this transaction in terms of shares sold?

A. y = 0.01x

B. y = 0.01x + 7.5

C. y = 0.01x + 4,999.425

D. y = 0.01x + 5,000

Question

Maddison Howe

8 February, 09:25

+4

Answers (1)

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Neal · Answer 1

Clearly, alternative B

y = 0.01x + 7.5

y = (0.01) * 5000 + 7,5

y = 50 + 7.5

y = 57.50