What is the net cost of 200 stocks at $42 1/8?

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What is the net cost of 200 stocks at $42 1/8?

a. $8,425
b. 42.13
c. $4212.5
d. none of these

2007-05-14 11:45:51 · 2 answers · asked by Anonymous in Science & Mathematics ➔ Mathematics

2 answers

1/8 = 0.125
42 1/8 = 42.125
42.125(200) = 8,425

2007-05-14 11:49:54 · answer #1 · answered by Ana 4 · 0⤊ 0⤋

42 1/8 is the same as 42.125

So

200 * 42.125 = $8,425

The US stock markets once used fractions for cents. They discontinued this practice several years ago.
.

2007-05-14 18:52:58 · answer #2 · answered by Robert L 7 · 0⤊ 0⤋