Question

Patsy Bonner buys 200 shares of Target at $ 56.30 and 100 shares of Pepsico at $68.73. Find the total cost ignoring commissions.

Answer 1

`\$25,006`

Explanation:

The total cost of Target shares is
`(200)(\$56.30)=\$11,260`.

The total cost of Pepsico shares is
`(200)(\$68.73)=\$13,746`.

Adding these costs together yields
`\$11,260+\$13,746=\$25,006`.