Question

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

Answer 1

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