Answer:
The amount of stock for which both brokers would charge the same commission is $2500.
Step-by-step explanation:
i) Let the amount of stock to be traded be worth $x
ii) therefore for both the brokers to charge the same commission we can write
1% of x = $25 [tex]\RIghtarrow[/tex][tex]\Rightarrow[/tex] 0.01 [tex]\times[/tex] x = 25 [tex]\therefore[/tex] x = [tex]\frac{25}{0.01} = 2500[/tex]
The amount of stock for which both brokers would charge the same commission is $2500.
