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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?
 one year ago
 one year ago
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?
 one year ago
 one year ago

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frxBest ResponseYou've already chosen the best response.0
\[0.01*5000 = 57.50 x\] Where x is the transactionfee
 one year ago

frxBest ResponseYou've already chosen the best response.0
"Which of the following" are there any options given ?
 one year ago

frxBest ResponseYou've already chosen the best response.0
I missread it's \[t=0.01x+7.5\] t= total x= shares
 one year ago

AlyshaBest ResponseYou've already chosen the best response.0
A. y = 0.01x B. y = 0.01x + 7.5 C. y = 0.01x + 4,999.425 D. y = 0.01x + 5,000
 one year ago
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