Answer:
The total amount made would be $1,324.80
Step-by-step explanation:
First we need to find the total amount invested. To find that, we multiply the price of the stock by the amount of shares.
$12 * 240 = $2,880
And then we need to add the commission. So we multiply by 1% and add that to the cost.
$2,880 * 1% = $28.80
$2,880 + $28.80 = $2,908.80
Now we follow the same process for the selling. First multiply the cost by the number of shares.
$18 * 240 = $4,320
This time, we subtract the commission.
$4,320 * 2% = $86.40
$4,320 - $86.20 = $4,233.60
Now we take the amount from the selling and subtract the total investment to see how much we made.
$4,233.60 - $2,908.80 = $1,324.80
