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|Alysha|

  • 3 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?

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  1. frx
    • 3 years ago
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    \[0.01*5000 = 57.50 -x\] Where x is the transactionfee

  2. frx
    • 3 years ago
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    "Which of the following" are there any options given ?

  3. frx
    • 3 years ago
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    I missread it's \[t=0.01x+7.5\] t= total x= shares

  4. |Alysha|
    • 3 years ago
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    A. y = 0.01x B. y = 0.01x + 7.5 C. y = 0.01x + 4,999.425 D. y = 0.01x + 5,000

  5. frx
    • 3 years ago
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    It's B then

  6. |Alysha|
    • 3 years ago
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    thank you :D

  7. frx
    • 3 years ago
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    np

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