John owns 5, 000 shares of stocks from Easter Union Company. The shares were purchased at ₱47.45 per share and were sold at the closing price of ₱48.59. If the broker charges 3.2% of the total price, how much was the commission? a. ₱7, 773.30 b. ₱7, 772.20 c. ₱7, 774.40 d. ₱7, 775.50

John owns 5, 000 shares of stocks from Easter Union Company. The shares were purchased at ₱47.45 per share and were sold at the closing price of ₱48.59. If the broker charges 3.2% of the total price, how much was the commission? a. ₱7, 773.30 b. ₱7, 772.20 c. ₱7, 774.40 d. ₱7, 775.50

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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₱7, 773.30

₱7, 772.20

₱7, 774.40

₱7, 775.50

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