9514 1404 393
Answer:
17.3%
Step-by-step explanation:
The rate of return is the net profit divided by the purchase price.
The purchase price was ...
(20 share) × ($30/share) = $600
The net proceeds from the sale were ...
proceeds = selling price - commission
= $710 -$6 = $704
So, the net profit is ...
profit = $704 -600 = $104
And the rate of return is ...
profit / investment = $104/$600 = 17.3%
