A friend is trying to decide whether to choose Broker A who charges a flat fee of $50.00 per trade or Broker B
who charges 2% of the trade. The better decision depends on how much your friend is planning on spending.
- Name a purchase price where Broker A would be the better choice. What would the broker fee cost?
- Name a purchase price where Broker B would be the better choice. What would the broker fee cost?
- Is there a purchase price where the broker fees would be equal?
Include calculations for each.
Broker A price of 10000 would be a better choice as the price charge by broker A is only 50,... View the full answer