Nancy Billows bought 150 shares of NBC Universal stock at $22.885 per share. Her broker charged her $22.05 for the brokerage commission. What is the average cost per share (include brokerage fee) to the nearest cent?
Most fool-proof way to do this in my opinion is to simply expand everything and write it out, i.e. [tex] \frac{150*22.885+22.05}{150} [/tex] Throwing this into a calculator, we get 23.032 To the nearest cent, this gives us $23.03
