SOLUTION: A stock broker receives a commission of 1.5% of the price of stock that is bought or sold. Find the commission on 100 shares of stock that were bought for $5600.

SOLUTION: A stock broker receives a commission of 1.5% of the price of stock that is bought or sold. Find the commission on 100 shares of stock that were bought for $5600.

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Question 958576: A stock broker receives a commission of 1.5% of the price of stock that is bought or sold. Find the commission on 100 shares of stock that were bought for $5600.
Answer by macston(5194) (Show Source): You can put this solution on YOUR website!
0.015($5600)=$84 ANSWER: 1.5% of $5600 is $84.
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