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McKenzie buys 250 shares of stock for $12 a share and pays a 2% commision. She sells the stock 3 years later for $18 a share and pays 1% commission. What are her net proceeds?
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McKenzie buys 250 shares of stock for $12 a share and pays a 2% commision. She sells the stock 3 years later for $18 a share and pays 1% commission. What are her net proceeds?
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Dec 2, 2018
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McKenzie buys 250 shares of stock for $12 a share and pays a 2% commision. She sells the stock 3 years later for $18 a share and pays 1% commission. What are her net proceeds?
Mathematics
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Daniel Golden
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The first commision would be $60, on top of the $3000 to buy the shares. The second commision would be $45, with a $4500 sale point. So $4500 - $3105 =
$1395 is the profit.
Nitin Bisht
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Dec 7, 2018
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Nitin Bisht
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