Mathematics, 02.09.2021 01:10 millanesjamela

Fred is a broker who charges 1% per stock transaction. A competing online broker charges $26 per trade. If someone is planning to purchase stock, at what purchase price would Fred's
commission be the same as the online broker fee?

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Fred is a broker who charges 1% per stock transaction. A competing online broker charges $26 per trade. If someone is planning to purchase stock, at what purchase price would Fred's commission be the same as the online broker fee?

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Another question on Mathematics

Fred is a broker who charges 1% per stock transaction. A competing online broker charges $26 per trade. If someone is planning to purchase stock, at what purchase price would Fred's
commission be the same as the online broker fee?