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Pavlova-9 [17]
3 years ago
12

Question 2

Mathematics
1 answer:
Reptile [31]3 years ago
3 0

Answer:

$3,000

Step-by-step explanation:

Profit is the difference between the selling price and the cost price.

Cost of share 2years ago = $26 per share

If 250 shares of stock was bought, cost price of the stock will be 250×$26 = $6,500 (without commission)

If the selling price per share is $38, selling price of 250shares will be 250×$38 = $9,500

Profile on sale = $9,500-$6,500

Profit on sale = $3,000

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