Question

Melinda Randolph bought 1,500 shares of Huge Corporation stock for $155,250. She sold the stock for $101 per share and paid a sales commission of $39. What is the profit or loss from the sale? (Enter the dollar amount followed by a space and the word loss or profit.)

Can someone help me?

Answer 1

3789.00 loss

Step-by-step explanation: Well She sold the stock but for every stock she sold she had to pay commission which was 39 Dollars for every stock sold. She only Made 2.5% of the Stocks sold, Which is an L, So the answer would be 3789.00, Loss.