https://file.aiquickdraw.com/mathbot/file/1726764592511fgjlm98w.jpg

Let's break down the problem and the calculations provided in the image.

### Problem Statement
Karen bought 65 shares of a company at $262 per share and paid a commission of 3.1%. We need to find the total cost basis for this transaction.

### Steps to Solve
1. **Calculate the total cost of the shares without commission:**
   \[
   65 \text{ shares} \times 262 \text{ dollars/share} = 17,030 \text{ dollars}
   \]

2. **Calculate the commission fee:**
   - Commission rate: 3.1% 
   - Commission fee: 
   \[
   17,030 \times \frac{3.1}{100} = 17,030 \times 0.031 = 527.93 \text{ dollars}
   \]

3. **Calculate the total cost basis including commission:**
   \[
   17,030 + 527.93 = 17,557.93 \text{ dollars}
   \]

### Given Solution in the Image
- The image shows these calculations:
  - Total share cost: $17,030
  - Commission fee calculation: $ \frac{3.1}{100} \times 17,030 = 527.93 $
  - Total cost basis: $ 17,030 + 527.93 = 17,557.93 $

### Conclusion
The total cost basis for the transaction, including the commission fee, is $17,557.93.

Would you like any further details or have any questions about this problem?

### Related Questions
1. How would the total cost change if the commission was 5% instead of 3.1%?
2. What is the per-share cost after including the commission fee?
3. How would the cost basis be affected if Karen bought 100 shares instead of 65?
4. How to calculate the commission fee if it's given as a fixed dollar amount instead of a percentage?
5. What is the impact of different commission structures on overall investment cost?

### Tip
When dealing with percentage-based commissions, always remember to convert the percentage to a decimal by dividing by 100 before multiplying by the total cost.

Karen bought 65 shares of a company at $262 per share and paid a commission of 3.1%. How much was needed to complete this transaction (the cost basis)?

Learn how to calculate the cost basis when buying 65 shares of a company at $262 per share, including a 3.1% commission fee. This detailed example covers percentage calculations and shows step-by-step how to find the total cost basis for the transaction.

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