Question

Jason purchased 500 shares of XYZ stock at $17.12. One year later he sold the 500 shares at $18. He paid a transaction fee of $19.95 for each transaction. What was the amount of gain or loss on the sale?

Answer 1

420.05$. He gained.

Step-by-step explanation:

1800$*500=9000$

17.12$*500=8560$

and he had to pay 19.95$ for transaction.

so,the amount he gained is 9000$-8560$-19.95$

=420.05$

Answer 2

Hi

assuming he bought and sales all in the same order we have :

500x18 - 500x17.12 - 2* 19.95 =

I let you do math.