question archive An investor purchased 300 shares of ABC Security at $12, paying a flat commission of $100
An investor purchased 300 shares of ABC Security at $12, paying a flat commission of $100
Subject:AccountingPrice: Bought3
An investor purchased 300 shares of ABC Security at $12, paying a flat commission of $100. A year later, she bought another 200 shares at $9 and the commission was 1% of the purchase price. If she sold 250 shares, the total adjusted cost base would be closest to...
a) $2,700.
b) $2,750.
c) $3,050
d) $3,075.
