Q:

PLEASE HELP ME Cindy wants to sell 300 shares of a company’s stock at the market price of $25 per share. She looks up online brokers and the fees they charge. Arrange the brokers’ fees in order from greatest to least.PLEASE PUT IT IN ORDER!!

Accepted Solution

A:
Answer:  Broker1 with $66. Broker2 with $54.25 Broker4 with $50 Broker3 with $47.5 Broker5 with $33.5 Explanation : Total number of shares Cindy have : 300 Market Price per share : $25  Total price for the shares : 300 [tex]\times[/tex]$25                                         = $7500 Now , Case 1: Commission provided by broker1 = 0.75% Online fees provided by broker1 = $ 10 Total price provided by broker1= [tex]\frac{75}{10000}\times7500 +$10[/tex]                                                 =$66.25 Case 2:  Commission provided by broker2= 0.5% Online fees provided by broker2=$17 Total price provided by broker2= [tex]\frac{5}{1000}\times 7500 + $17[/tex]                                                 =$54.5 Case 3: Commission provided by broker 3= 0.6% for 100 0r few  Not applicable because  the total shares are 300 For over 100 shares Commission provided= 0.5% Online fees = $10 Total price =  [tex]\frac{5}{1000}\times 7500 + $10[/tex]                 =$47.5 Case 4: For more than 100 shares Online fees for buying and sharing= $50 Total price = $50 Case5 : Commision for a share bought or sold = 0.05% Online fees =$30 Total Price= [tex]\frac{5}{10000}\times 7500 + $30[/tex]                  =$33.75