Question
Brian bought 1,500 shares of stock at $58 per share. Six months later he sold the 1,500
shares at $75 per share. If the total stockbroker’s commission was $630, how much profit did he
make on this transaction?
shares at $75 per share. If the total stockbroker’s commission was $630, how much profit did he
make on this transaction?
Answers
profit per share = 75-58 = $17
How many shares are involved?
Don't forget the $630 brokerage fee, which is a liability
How many shares are involved?
Don't forget the $630 brokerage fee, which is a liability
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