Question

What is the rate of return when 30 shares of

Stock A, purchased for $30/share, are sold for
$1100? The commission on the sale is $6.
Rate of Return = [? ]%
Enter your answer as a percent rounded to the nearest tenth.
Enter

Answer 1

ANSWER: The rate of return is approximately 347.7%.

EXPLANATION: Calculate the total cost of 30 shares of Stock A, considering the $6 commission. Determine the profit from selling the shares for $1100. Use the formula (Profit/Total cost) * 100 to find the rate of return, rounded to the nearest tenth.