Answered

Complete the table below by calculating the commission and adding it to the price of the stock. Sam Salmon is interested in purchasing stock and wants to determine the costs.

\begin{tabular}{|c|c|c|c|c|c|c|}
\hline
Number of Shares & Price per Share & Total & \multicolumn{2}{|c|}{Commission (6\% of Total)} & \multicolumn{2}{|c|}{Total Cost} \\
\hline
100 ABC & \[tex]$16.25 & \$[/tex]1,625 & \[tex]$ & $[/tex]v[tex]$ & \$[/tex] & [tex]$\sim$[/tex] \\
\hline
100 DEF & \[tex]$11.31 & \$[/tex]1,131 & \[tex]$ & $[/tex]v[tex]$ & \$[/tex] & [tex]$\sim$[/tex] \\
\hline
40 GHI & \[tex]$9.15 & \$[/tex]366 & \[tex]$ & $[/tex]\sim[tex]$ & \$[/tex] & [tex]$\sim$[/tex] \\
\hline
100 JKL & \[tex]$15.27 & \$[/tex]1,527 & \[tex]$ & $[/tex]v[tex]$ & \$[/tex] & [tex]$\checkmark$[/tex] \\
\hline
100 MNO & \[tex]$13.22 & \$[/tex]1,322 & \[tex]$ & $[/tex]\sim[tex]$ & \$[/tex] & [tex]$\checkmark$[/tex] \\
\hline
\end{tabular}



Answer :

GinnyAnswer
Certainly! Let's fill in the missing values step-by-step:

1. Calculating Commission for each stock:

- ABC Stock:
- Total: [tex]$\$[/tex]1,625[tex]$ - Commission \( = 6\% \times 1,625 = 0.06 \times 1,625 = \$[/tex]97.50 \)
- Total Cost [tex]\( = \$1,625 + \$97.50 = \$1,722.50 \)[/tex]

- DEF Stock:
- Total: [tex]$\$[/tex]1,131[tex]$ - Commission \( = 6\% \times 1,131 = 0.06 \times 1,131 = \$[/tex]67.86 \)
- Total Cost [tex]\( = \$1,131 + \$67.86 = \$1,198.86 \)[/tex]

- GHI Stock:
- Total: [tex]$\$[/tex]366[tex]$ - Commission \( = 6\% \times 366 = 0.06 \times 366 = \$[/tex]21.96 \)
- Total Cost [tex]\( = \$366 + \$21.96 = \$387.96 \)[/tex]

- JKL Stock:
- Total: [tex]$\$[/tex]1,527[tex]$ - Commission \( = 6\% \times 1,527 = 0.06 \times 1,527 = \$[/tex]91.62 \)
- Total Cost [tex]\( = \$1,527 + \$91.62 = \$1,618.62 \)[/tex]

- MNO Stock:
- Total: [tex]$\$[/tex]1,322[tex]$ - Commission \( = 6\% \times 1,322 = 0.06 \times 1,322 = \$[/tex]79.32 \)
- Total Cost [tex]\( = \$1,322 + \$79.32 = \$1,401.32 \)[/tex]

2. Filling in the table:

[tex]\[ \begin{array}{|c|c|c|c|c|c|c|} \hline \text{Number of Shares} & \text{Price per share} & \text{Total} & \multicolumn{2}{|c|}{\text{Commission } \oplus 6\% \text{ of Total}} & \multicolumn{2}{|c|}{\text{Total Cost}} \\ \hline 100 \text{ ABC} & \$ 16.25 & \$ 1,625 & \$ 97.50 & v & \$ 1,722.50 & \sim \\ \hline 100 \text{ DEF} & \$ 11.31 & \$ 1,131 & \$ 67.86 & v & \$ 1,198.86 & \sim \\ \hline 40 \text{ GHI} & \$ 9.15 & \$ 366 & \$ 21.96 & \sim & \$ 387.96 & \sim \\ \hline 100 \text{ JKL} & \$ 15.27 & \$ 1,527 & \$ 91.62 & v & \$ 1,618.62 & \checkmark \\ \hline 100 \text{ MNO} & \$ 13.22 & \$ 1,322 & \$ 79.32 & \sim & \$ 1,401.32 & \checkmark \\ \hline \end{array} \][/tex]