Ask your own question, for FREE!
Mathematics 7 Online
LjTheBaller16:

Samantha trades through a broker. On December 12, Samantha purchased stock worth $2,500. Later in the day, she sold her stock in another company for $2,750. The broker charges $10 per trade. How much in brokerage fees did Samantha pay? Samantha paid a brokerage fee of $ for the day’s trades.

Hoodmemes:

Ok as stated in the text "Samantha trades through a broker." "Samantha purchased stock worth $2,500" "Sold her stock in another company for $2,750." "The broker charges $10 per trade." So Samantha trades through a broker,she bought a stock and sold a stock.The broker charges 10 dollars (Per) trade. As you can see she did (Two) trades "Samantha purchased stock worth $2,500" and "Sold her stock in another company for $2,750" So since she did a trade (Two) times and the broker charges (10 dollars) per trade multiply ten by two. \[10\times2=20\] So Samantha paid the broker a 20 dollar fee.

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Latest Questions
Arriyanalol: i need help
2 days ago 7 Replies 1 Medal
Arriyanalol: CONGRATS to me
2 days ago 8 Replies 2 Medals
Legomaster346: What colleges are good that are near Arab Alabama?
1 week ago 5 Replies 0 Medals
Arriyanalol: i need help
1 week ago 6 Replies 2 Medals
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!