Question

Melanie purchased 621 shares of Animite Energy at $30.60 apiece. When the price hit $36.23 per share, Melanie sold her holdings in Animite Energy. Melanie’s broker charges $48 for each $1,000 of stock bought or sold. How much profit did Melanie make?

Answer 1

the answer is $1504.17

Explanation:

the answer is A $1504.17 on edge

hope you have a wonderful day

Answer 2

`1503.7\\` dollars

Explanation:

The cost of purchasing 621 shares
`= 621 * 30.60\\= 19002.6\\`

Cost of selling 621 shares at
`48\\` dollar each

`621 * 36.23\\= 22498.83\\`

Brokerage paid at the time of purchase and selling of shares

`((19002.6)/(1000) + (22498.83)/(1000)) 48\\= (19 + 22.5) * 48\\= 1992\\`

Net profit

`22498.83 -19002.6 - 1992\\= 1503.7\\`