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MathematicsMathematics
19 June, 16:41

Jen bought 30 shares of eBay at the close price of $20.95. She bought 20

more shares a year later at the price of $25.50. Two years later, she sold all of

her shares at the price $28.75. If her broker charges $30 for each transaction,

how much money will Jen have after all of her transactions?

A. $1387.50

B. $1409.50

c. $1407.50

D. $1437.50

+4
Answers (2)
  1. 19 June, 17:10
    0
    Answer: The answer is $1407.50 APEX
  2. 19 June, 17:11
    0
    The answer is: C. $1407.50

    Step-by-step explanation:

    Buying:

    30 * $20.95 + 20 * $25.50 =

    $628.50 + $510 = $1138.

    Selling:

    50 * $28.75 = $1437.50

    Remaining Cash:

    $1437.50 - $30 = $1407.50

    (This answer assumes Jen paid the other $30 per transaction when she bought the original shares, but had to pay $30 when she sold the shares.)
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