Samantha trades through a broker. On December 12, Samantha purchased stock worth $2,500. Later in the day, she sold her stock in

Question

2 years ago

7

Samantha trades through a broker. On December 12, Samantha purchased stock worth $2,500. Later in the day, she sold her stock in

another
company for $2,750.
The broker charges $10 per trade. How much in brokerage fees did Samantha pay?
Samantha paid a brokerage fee of $
for the day's trades.

Mathematics

1 answer:

Eddi Din [679] · Answer 1 · 2023-11-25T20:44:48+03:00

Answer:

$20

Step-by-step explanation:

Broker's usually take a percentage of the money made or a fixed amount no matter how much is traded.

Here, the broker charges $10 per trade. So, it doesn't matter how much you do trade, the broker will charge $10 PER TRANSACTION.

Samantha bought stocks worth 2500 (1 transaction)

Samantha sold these again for 2750 (1 transaction).

So there were 2 trades made by Samantha.

So broker would charge $10 + $10 = $20