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3. José Rodriguez recently sold 1,320 shares of oil stock for$31.70 per share plus a commission of $29.95 plus $0.03 pershare. He paid a total of $56,166.00 for the stock.a. What was the amount of the sale?b. What was the selling commission?c. What was the net sale?d. What was the profit or loss?

User Samee
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Amountofsale=1,320(31.70)=41,844
\begin{gathered} Sellincommission=29.95+0.03(1320) \\ Sellingcommision=29.95+39.6=69.55 \end{gathered}
Netsale=41,844\text{ - 69.55= 41,744.45}
\begin{gathered} Loss=41,744.45\text{ - 56,166.00} \\ Loss=\text{ - }14,421.55 \end{gathered}

User Shree Prakash
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