Jackie’s broker charges her a commission of $8 per ten shares of stock she buys or sells. If Jackie buys 77 shares of Alesia Insurance at $10.34 per share and 120 shares of Ergar Appliances at $8.11 per share, how much will Jackie spend in commission?
Answer
A
$796.18
B
$157.60
C
$973.20
D
$1,926.98
Explanation
Jackie buys 77 + 120 = 197 shares altogether. At $8 per ten shares, the commission is (197 ÷ 10) × $8 = $157.60. The correct choice is $157.60.
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