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HELP ME

Lisa bought 30 shares of stock at $54.02 per share. She then sold her shares at $58.19 per share. Her broker charges a 2% commission for all transactions. What was her net gain?


$ 57.78


$ 127.60


$ 186.42


$ 222.60

2 Answers

3 votes

Answer:127.60

Explanation:

User Gauge
by
4.7k points
0 votes

Answer:

$127.60

Explanation:

If Lisa bought 30 shares of stock at $54.02 per share, total cost price will be:

30×$54.02

= $1620.6

If she then sold her shares at $58.19 per share, her total selling price will be:

30×$58.19

= $1745.7

Profit = selling price - cost price

Profit = $1745.7-$1620.6

Profit = $125.1

If her broker charges a 2% commission for all transactions, her total charge will be:

2% of $125.1

= $2.50

Her net gain = profit + broker's charge

= $125.1+$2.50

= $127.60

User Windsor
by
4.1k points