Problem
Use the following information about Sunoco stock. 52 weeks If you purchase 350 shares of Sunoco stock at $\$ 91.25$ per share and the broker's commission is $2.3 \%$, find the total cost of the purchase. Round your answer to the nearest cent, if necessary.
Solution
Step 1 ：Calculate the cost of shares: \(350 \times 91.25 = 31937.5\)
Step 2 ：Calculate the broker's commission: \(31937.5 \times 0.023 = 734.5625\)
Step 3 ：Find the total cost: \(31937.5 + 734.5625 = 32672.0625\)
Step 4 ：Round the total cost to the nearest cent: \(\boxed{32672.06}\)
