Tumblr's stock price is $38 per share. Anjie purchased 600 shares. Assuming a broker's commission of $0.10 per share to purchase the 600 shares, what was Anjie's total cost?
A. $23,400
B. $22,800
C. $22,860
D. $22,740
My answer is B.
did you take the broker's commission into account?
no after I add the broker share I believe the answer is C.
To calculate Anjie's total cost, we need to consider the cost of the shares and the broker's commission.
The cost of the shares can be calculated by multiplying the stock price ($38) by the number of shares purchased (600):
Cost of shares = $38 * 600 = $22,800
Now, we need to add the broker's commission. The commission is $0.10 per share, so to find the total commission, multiply the commission rate by the number of shares:
Commission = $0.10 * 600 = $60
To get the total cost, add the cost of the shares and the commission:
Total cost = Cost of shares + Commission = $22,800 + $60 = $22,860
Therefore, the correct answer is C. $22,860.