Joe's broker's fee schedule is given in the table. Joe's current portfolio is worth $50,000. He wants to purchase 50 shares of a company's stock for a purchase price of $15 per share.
Joe will need to pay a commission of
. The total amount charged by the broker will be
Part one answers $7.50, $5.00,$1.50
Part two answers $17.50,$15.50,$15.00