Question

Maggie bought 20 shares of Google at the close price of $472.68. She bought 20 more shares a year later at the price of $491.32. Two years later, she sold all of her shares at the price of $512.25. Her broker charges $50 for each transaction. How much money will Maggie receive after her last transaction?
A. $20,490.00
B. $20,340.00
C. $19,590.00
D. $20,530.00

Answer 1

40*512.25=20,490.00

$20,490 worth of total shares she has bought.

broker fees cost $50 for each transaction so 3 transactions equal up to $150.

20,490-150=20,340


Maggie will receive $20,340 worth of shares

Answer 2

Answer:

20,340 is correct for this question

Explanation: