Question

bought 2,000 shares of Print Company stock for $12,780. She sold the stock for $7 per share and paid a sales commission of $26. What is the profit or loss from the sale?

Answer 1

$1,194

Step-by-step explanation:

The buying price of the shares was $12,780

The selling price was $7 dollars for each.

The total amount realized is 2000 share x $ 7

=$14,000

The commission paid is $26

Net amount obtained is $14,000 -$26

=$13,974

Profit will be $13,974 -$12,780

=$1,194