Ask Question
12 April, 23:26

Mrs. Trujillo bought 400 shares of a company's stock for $42.98/share. She pays a broker a commission of $16 to buy and sell stock. After one year, she sold all her shares, when they were worth $56.13/share. What was her net gain?

+5
Answers (1)
  1. 12 April, 23:30
    0
    Let's calculate her total investment:

    $42.98/share x 400 shares = $17,192

    + $16 commission = $17,208

    Her total proceeds from the sale are:

    56.13/share x 400 shares = $22,452

    Her Net gain, or profits from the purchase and sale of the stock, is therefore:

    Gain: $22,452

    -Cost: $17,208

    = $5,244

    Answer is $5,244
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Mrs. Trujillo bought 400 shares of a company's stock for $42.98/share. She pays a broker a commission of $16 to buy and sell stock. After ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers