Question

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?

Answer 1

@GirlByte

Answer 2

Flat fee:
57.50 - 5000*0.01 = 7.50
Let fee per share = x

Answer 3

Answer is...
y = 0.01x + 7.5

Answer 4

thats what i was going to say lol @GirlByte

Answer 5

u da best @GirlByte

Answer 6

Aww thanks! you too :3