Question

Geoffrey buys 48 shares of Deegan Pharmaceuticals at $6.15 each, and his broker charges him a commission of $81. How much did Geoffrey pay for his stock?

Answer 1

Ik you posted it last week but for ppl in the future, the answer is A

Answer 2

Answer:

$\ 376.2$

Step-by-step explanation:

Given:  Geoffrey buys $\ 48$ shares of Deegan Pharmaceuticals at $\ 6.15$ each, and his broker charges him a commission of $\ 81$

To Find: How much did Geoffrey pay for his stock.

Solution:

Total number of shares of Deegan pharmaceutical bought $=48$

price of each share $=\ 6.15$

commision charged by broker $=\ 81$

Now,

total cost of share$=(\text{total number of shares})\times(\text{price of one share})$

                             $=48\times6.15$

                             $\ 295.2$

total cost of stock after adding broker commission

                             $295.2+81$

                             $\ 376.2$

Geoffrey paid  $\ 376.2$ for his stock