Question

if samantha bought 500 shares for 22 each, and then sold the stocks for 16,200 what were samantha’s net proceeds

Answer 1

Net proceeds = 5200.

Explanation:

Price of each share = 22

Total number of shares = 500

Cost of entire stock = number of shares × price per share

Cost of entire stocks = 500 × 22 = 11000

Selling price of stocks = 16200

Samantha's Net proceeds = selling price of stock - cost price of stock

= 16200 - 11000

= 5200.