Question

Jody bought 20 shares of Amazon at the close price of $121.00. She bought 20 more shares a year later at the price of $127.00. Two years later, she sold all of her shares at the price of $133.00. Her broker charges $50 for each transaction. How much money will Jody receive after her last transaction?
A. $5430.00
B. $5320.00
C. $5170.00
D. $5280.00

Answer 1

Jody will recieve 5170.00

Answer 2

Answer:

C

Step-by-step explanation:

In total 3 transactions, Jody's broker will take $50*3=$150

Her last transaction will get her ($133 per share for 20+20=40 shares):

$40*133=5320$

But she will get 150 less than 5320 because of broker's charges. She will get:

5320 - 150 = $5170

Answer choice C is right.