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Mathematics 22 Online
OpenStudy (anonymous):

Alex buys 30 shares of Wal-Mart at the close price of $48.80. His broker charges him 3% of each share as a transaction fee. How much did Alex spend in total to buy this stock?

OpenStudy (ranga):

Price of each share = $48.80 Broker fee per share = 48.80 * 0.03 = ? Add the two to find the total cost to buy one share. Then multiply by 30 to find the total cost of 30 shares.

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