Question

james brewer purchased 100 shares of stock for $73 a share. james also paid a $60 commission. what was the total purchase price for this transaction?

Answer 1

Answer:

$ 7360.00

Step-by-step explanation:

100 shares   *   $ 73/share   + $60  = $ 7360

Answer 2

Based on the calculation below,  the total purchase price for this transaction is $7,360.

How do we calculate the total purchase price of shares of stock?

The total purchase price for this transaction can be calculated using the following formula:

Total purchase price = (Price per share * Units of shares purchased) + Commission ...................................... (1)

Substituting all the values into equation (1), we have:

Total purchase price = ($73 * 100) + $60 = $7,360

Learn more about share purchases here: https://brainly.com/question/20490753.

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