Tipeni bought 100 shares in a bank for $35.60 each. He sold them two years later for $48.90 each and paid a brokerage fee of $32
.95.
a) what is the profit made on these shares?
I need help with a please I’m dying
1 answer:
Yo sup??
no of shares=100
cost price=35.60
selling price=48.90
profit=(SP-CP)*100
=(48.9-35.6)*100
=1330
But since he loses 32.95 to the broker therefore net profit obtained is
=1330-32.95
=1297.05
Hope this helps
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