Abigail eddy purchased 200 shares of stock at $11.58 per share. her online stockbroker charged her a $12.50 commission. to the nearest cent, what is the total amount that she paid for the stock?

Total amount paid = $2328.50

Step-by-step explanation:

Abigail purchased total shares = 200

Price of one share = $11.58

Her online stockbroker charged her a commission = $12.5

Now the amount paid by Eddy will be represented by

Total amount paid = (Number of shares purchased×price of one share) + Commission paid by Eddy

Total amount paid = 200×11.58 + 12.50 = 2316 + 12.50 = 2328.50

Therefore total amount paid by eddy for the purchase of share = $2328.5

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step-by-step explanation:

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