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18 August, 07:16

Barry Olson just purchased 800 shares of an electronics corporation stock at $42.17 per share. His online broker charged him $10.00 commission. What was the total cost of the stock? Show work.

A) 22,489

B) 33, 579

C) 42, 458

D) 33, 746

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  1. 18 August, 08:59
    0
    Option D) 33746

    Step-by-step explanation:

    Total shares: 800

    Share price: $42.17

    Commission charged: $10

    Total price of shares: Total shares * share price

    = 800 * 42.17 = 33736

    Total Cost: Total price of shares + Total Commission charged

    = 33736 + 10 = $33746
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