Answer:
The profit made is;
b) $285)
Step-by-step explanation:
The given parameters are;
The number of shares bought, n = 50
The price each share is bought, CP = $55
The amount at which each share is sold, SP = $61
The amount the broker received per share, E = $0.30
Therefore, the amount of profit, 'P', is given as follows;
P = n × (SP - CP - E)
By substituting the values for the variables, we have;
P = 50 × (61 - 55 - 0.3) = 285
The amount made as profit, P = $285.00.
