Question 45 • Financial Math
Marco’s purchase totaled 200 × $50 = $10,000, so the 1.2% purchase fee was $10,000 × 0.012 = $120. His sale totaled 200 × $60 = $12,000, so the sale fee was $12,000 × 0.012 = $144; together, the fees were $120 + $144 = $264, choice A.
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