If the bid price of an open-end fund is $15 per share and the asked price is $16 per share, what is the fund’s sales load as a percentage of the asked price? 6.25% Explanation: The formula for this is ’offering price - net asset value (bid price) divided by the offering price = the percent of sales load; therefore, $16.00 - $15.00 divided by $16.00 = 6 1/4%.