A full-service broker charges a commission rate of 2.2% of the total dollar value of a stock

Question:

A full-service charges a commission rate of 2.2% of the total dollar value of a stock transaction. A discount charges a transaction fee of $25 plus an additional five cents per share. Suppose you purchase 800 shares of Talisman Energy at $21.75 per share. What percentage of the commission fee charged by the full-service would you save by using the discount Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...