Final answer:
The student's question regarding the current price of stock cannot be answered without additional information. However, the examples provided show how to calculate the net profit from stock transactions by considering the buying cost, selling revenue, and any associated transaction fees from the stock company.
Step-by-step explanation:
To solve the problem of calculating the net profit from stock transactions, you need to know the purchase price, the current price, and any transaction fees the stock company charges. The net profit is calculated by taking the difference between the spending on purchasing the shares and the revenue from selling the shares, minus the transaction fees from both buying and selling if applicable. Here are step-by-step solutions to the example problems provided:
Nike Stocks: 1000 shares were purchased at $24.50 each, then sold at $39.75 each. The company charges $9.99 per transaction.
Buying cost = 1000 shares * $24.50/share = $24,500
Selling revenue = 1000 shares * $39.75/share = $39,750
Net profit = Selling revenue - Buying cost - 2 * Transaction fee
Net profit = $39,750 - $24,500 - 2 * $9.99 = $15,230.02
Panda Express Stocks: 800 shares were purchased at $13.50 each, then sold at $23.25 each. The company charges $10 per transaction.
Buying cost = 800 shares * $13.50/share = $10,800
Selling revenue = 800 shares * $23.25/share = $18,600
Net profit = Selling revenue - Buying cost - 2 * Transaction fee
Net profit = $18,600 - $10,800 - 2 * $10 = $7,780
For the original question, the information provided does not mention current price or the number of shares purchased, so it is impossible to calculate the current price of the stock. More information is required for a student to determine the price of the stock 'now' based on the original purchase price of $48. Therefore, it is not possible to provide an answer from the options given without additional context.