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?

Question

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?

bobpursley · Answer

gain=.01(700*sellingprice)-.03(700*buyingprice)