Question

Adriana sold 50 shares of a company's stock through a broker. The price per share on that day was $22.98. The broker charged her a 0.75%
commission. What was Adriana's real return after deducting the broker's commission?
A $8.62
B. $229.80
OC $1,140.38
D. $1,149.00

Answer 1

Answer:

C $1,140.38

Step-by-step explanation:

We are given that Adriana  sold 50 shares and that the price per share was $22.98

This means that:

Total value = 50 * 22.98 = $1149

Now, we know that the broker charged 0.75% commission on the total value

This means that:

Broker's charge = 0.75% * 1149 = 0.0075 * 1149 = $8.6175

Therefore,

Adriana's return = Total value - broker's charge

Adriana's return = 1149 – 8.6175 = $1,140.38