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A broker charges a fixed fee of R100 plus 2.5% of the value of shares traded. If a client trades shares of R 21,000, what brokerage is payable?
in Data Science by Diamond (38,542 points) | 10 views

1 Answer

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R = P/ B

R = 2.5%/100

R = 0.025

P = R x B

P = 0.025 x 21 000 = R 525

Total fee payable =  R 525 + R100 = R 625
by Silver Status (28,718 points)

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