Jackie’s broker charges her a commission of $8 per ten shares of stock she buys or sells. if jackie buys 77 shares of alesia insurance at $10.34 per share and 120 shares of ergar appliances at $8.11 per share, how much will jackie spend in commission?
a. $796.18
b. $157.60
c. $973.20
d. $1,926.98

The correct option is b. $157.60

Explanation:

For computing the total commission, first, we have to compute the per commission percentage to one share which equals to

= Commission ÷ number of shares

= $8 ÷ 10 shares

= 0.8

Now, Jackie buys 77 shares, so the commission would be

= Number of shares × per commission

= 77 × 0.8

= $61.6

And, the Jackie sales 120 shares, so the commission would be

= Number of shares × per commission

= 120 × 0.8

= $96

So, the total commission would be equal to

= 61.6 + 96

= $157.60

Hence, Jackie will spend $157.60 in commission

Thus, The correct option is b. $157.60

d. automatic stabilizers.

explanation: