An online trading company charges a 3% commission for all stock purchases. If a trader purchases 200 shares of a stock through this company and is charged $3,399 including commission, what is the cost per share for this stock?
A. $16.45
B. $16.48
C. $16.50
D. $16.52
Answer:C
An online trading company charges a 3% commission for all stock purchases. If a trader purchases 200 shares of a stock through this company and is charged $3,399 including commission, what is the cost per share for this stock?
A. $16.45 B. $16.48 C. $16.50 D. $16.52
Explanation: C