20 shares of stock were purchased for $25 per share with a $6 commission. what is the total cost of this…
20 shares of stock were purchased for $25 per share with a $6 commission. what is the total cost of this investment? total cost = $? total cost = number of shares · price per share + commission
Answer
Explanation:
Step1: Calculate share - price cost
$20\times25 = 500$
Step2: Add commission
$500+6=506$
Answer:
$506$