Question

Which expression gives the Total Brokerage for a transaction involving many shares?

Options

• \[ \text{Total Brokerage} = \frac{\text{Brokerage per share}}{\text{Number of shares}} \]

• \[ \text{Total Brokerage} = \text{Brokerage per share} + \text{Number of shares} \]

• \[ \text{Total Brokerage} = \frac{18}{100} \times \text{Number of shares} \]

• \[ \text{Total Brokerage} = \text{Brokerage per share} \times \text{Number of shares} \]

Answer 1

The Total Brokerage is the brokerage payable on one share multiplied by the number of shares: \[ \text{Total Brokerage} = \text{Brokerage per share} \times \text{Number of shares} \]