Question

Taylor bought 200 shares of stock for $18.12 per share last year. He paid his broker a flat fee of $30. He sold te stock this morning for $21 per share, and paid his broker 0.5% commission.

What were Taylor's net proceeds?

Answer 1

The answer is $3990 heres why

First you need to find out what is the total you paied for the shares
$18.12x200= $3624

Then you need to add the flat fee to the spending chost
$3624+$30= $3654

Now you re-mulitply the chost per stock to the tootle #'s of stock you sold
$21x200= $4200

Then you need to find out what how much you need to pay the stock broker
$4200x.05= $210

Then once you find out how much you need to pay him subtract that amount to the total money earned from selling your stocks
$4200-$210= $3990

Then if you want to also find out your profit just subtract the total amount you payed for the stock and subtract it from the total amount you gained from the stock.
$3990- $3654= $336 Profit

Answer 2

$555

Explanation:

His net proceed is the difference between his net revenue and total cost considering how much was paid to the broker during purchase and sale.

Total cost at purchase = 200 * $18.12 + $30

= 3624 + 30

= $3654

Net revenue = 200 * $21 - 0.5% ( 200 * $21)

= $4179

Net proceeds = $4179 - $3654

= $555