A community for students. Sign up today!
Here's the question you clicked on:
 0 viewing
 2 years 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?
 2 years 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?

This Question is Closed

frx
 2 years ago
Best ResponseYou've already chosen the best response.0\[0.01*5000 = 57.50 x\] Where x is the transactionfee

frx
 2 years ago
Best ResponseYou've already chosen the best response.0"Which of the following" are there any options given ?

frx
 2 years ago
Best ResponseYou've already chosen the best response.0I missread it's \[t=0.01x+7.5\] t= total x= shares

Alysha
 2 years ago
Best ResponseYou've already chosen the best response.0A. y = 0.01x B. y = 0.01x + 7.5 C. y = 0.01x + 4,999.425 D. y = 0.01x + 5,000
Ask your own question
Ask a QuestionFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.