Question

200 shares of a stock were bought for $58 per share the broker's

commission was $40 plus $0.25 / share. The stock was later sold for $66/
share the broker's commission was $50 plus $0.32/ share. Calculate the
profit from the sale
$1596
$1000
$1396
$1624

Answer 1

Answer:C is correct

Explanation:

200*58= 11600

Commission = 40+ (200*0.25)

Commission = 90

Total = 11690

Sell

200*66= 13200

Commission 50+ (0.32*200)

Commission = 114

Sell for 13200-114 = 13086

Profit = 13086 - 11690

Profit = 1396

It is helpful

Answer 2

1396

Explanation:

Profit= revenue-cost

Let's start off by calculating the revenue (the amount they get when they sold the stock) 200*66=13200

Now we need to calculate the cost

40+50+200(.32+.25+58)=11804

13200-11804=1396