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SCORPION-xisa [38]
3 years ago
12

Kendra sold 200 shares through her broker in June 8. The price per share was $22.10. The broker charged her a 0.5% commission on

the total value. What was Kendra’s return on the trade?
Mathematics
1 answer:
MrRa [10]3 years ago
5 0

Answer:

A. $4397.9

Step-by-step explanation:

<em>We are given that Kendra sold 200 shares and that the price per share was $22.1 </em>

<em> </em>

<em>This means that: </em>

<em> </em>

<em>Total value = 200 * 22.1 = $4420 </em>

<em> </em>

<em>Now, we know that the broker charged 0.5% commission on the total value </em>

<em> </em>

<em>This means that: </em>

<em> </em>

<em>Broker's charge = 0.5% * 4420 = 0.005 * 4420 = $22.1 </em>

<em> </em>

<em>Therefore, </em>

<em> </em>

<em>Kendra's return = Total value - broker's charge </em>

<em> </em>

<em>Kendra's return = 4420 - 22.1 = $4397.9 </em>

<em> </em>

<em>Hope this helps :)</em>

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