Answered

IDNLearn.com connects you with a community of experts ready to answer your questions. Our platform provides trustworthy answers to help you make informed decisions quickly and easily.

A stockbroker earns a commission by a flat fee for each transaction as well as a fee per share. On a particular transaction, the stockbroker sold 5,000 shares to a client at a rate of $0.01 per share. The cost of the transaction totaled $57.50. Which of the following equations describes the cost of this transaction in terms of shares sold?
A.y = 0.01x
B.y = 0.01x + 7.5
C.y = 0.01x + 4,999.425
D.y = 0.01x + 5,000

Sagot :

Ryan2idn
Clearly, alternative B

y = 0.01x + 7.5
y = (0.01)*5000 + 7,5
y = 50 + 7.5
y = 57.50

Answer:

Option B. y = .01x + 7.5

Step-by-step explanation:

If a stock broker earns a commission by a flat fee for each transaction as well as a fee per share.

Let the commission on each share charged by the stock broker is x.

Selling price of 5000 shares + total fees of broker = Cost of the transaction

5000×.01 + Fees = 57.50

Fees = 57.50 - 50 = $7.50

Now we can form the equation which represents the cost of this transaction  as

y = .01x + 7.5

Therefore option B is the correct answer.

Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! Find clear and concise answers at IDNLearn.com. Thanks for stopping by, and come back for more dependable solutions.