Asked by Anonymous
An investor purchased 700 shares of stock at $54.03 per share. She later sold them for $53.62. The broker's commission was 3% of the purchase price and 1% of the selling price. What is the amount the investor lost on the stock?
Answers
Answered by
bobpursley
gain=.01(700*sellingprice)-.03(700*buyingprice)
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