Question

Jo owns 150 shares of Delta General stock. She purchased the stock for $24 a share. She sold the stock for $30 per share. The commissions required to buy and sell her stock cost her $120. Assuming that she received no dividends (income) during the time she owned the stock, what is her total return (not rate of return) for this transaction?

Answer 1

(6 * 150) - 120 = 780

780 / (150 * 24) = 0.21666 = 22%