If you purchase 846 shares of Coca-Cola stock at $60.67 per share and the broker's commission is 2%, find the total cost of the purchase. Round your answer to the nearest cent.
The total cost of the purchase was $


To calculate the total cost of purchasing 846 shares of Coca-Cola stock at $60.67 per share with a 2% broker's commission, follow these steps:

### Step 1: Calculate the stock price without the commission.
\[
\text{Stock price} = 846 \times 60.67 = 51,315.82
\]

### Step 2: Calculate the commission amount.
The broker's commission is 2%, so we calculate 2% of the stock price:
\[
\text{Commission} = 51,315.82 \times \frac{2}{100} = 1,026.32
\]

### Step 3: Add the commission to the stock price to get the total cost.
\[
\text{Total cost} = 51,315.82 + 1,026.32 = 52,342.14
\]

### Final Answer:
The total cost of the purchase is **$52,342.14**.

Do you need any additional details or have any questions?

Here are five related questions to explore:
1. What would the total cost be if the commission rate was 1.5% instead of 2%?
2. How would the cost change if you bought 1,000 shares instead of 846?
3. What is the total stock value without commission?
4. How does the total cost change if the share price increases to $65?
5. What would be the profit if the stock price rose to $70 and all shares were sold without commission?

**Tip:** Always account for broker commissions when calculating total investment costs to avoid surprises!

If you purchase 846 shares of Coca-Cola stock at $60.67 per share and the broker's commission is 2%, find the total cost of the purchase. Round your answer to the nearest cent.

Learn how to calculate the total cost of purchasing 846 shares of Coca-Cola at $60.67 per share, including a 2% broker's commission. This problem covers key concepts such as percentage calculation, multiplication, and total cost determination. Suitable for students in Grades 6-8.

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