breannavilla04 breannavilla04

15-02-2021
Mathematics

contestada

Ron purchases $32,000 worth of stock on his brokers advice and pays his broker a 1.25% broker fee. How much did he pay his broker! Show work please !!

Respuesta :

samuelonum1 samuelonum1

20-02-2021

Answer:

$400

Step-by-step explanation:

Given data

Worth of stock= $32,000

Broker fee= 1.25%

let us find 1.25% of $32,000

=1.25/100* 32000

=0.0125*32000

=$400

Hence he paid the broker $400

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