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Supposed you paid 41 and 1/8 for 72 shares of Buzz stock and sold them at 49 and 1/4 .The total brokerage fee was 1/8 dollar per share and all other charges amounted to $32.52
Suppose you paid 411 8 for 72 shares of Buzz stock and sold them at 491 4. The total brokerage fee was 1 8 dollar per share and all other charges amounted to $32.52 You sell one share for 49 1/4 and your cost is 41 1/8 ;Your profit is 49 1/4 -41 1/8 = $8. * 72 =$576. - $32.52 = $543.48 ; Total investment is 72 * 41 1/8 = $2961 Selling Price: $49.25 × 72 = $3,546.00 Total brokerage fee: $0.125 × 72 = $9.00 Total expenses: $9.00 + $ 32.52 = $41.52 Profit: $3,546.00 - $41.52 - $2,961.00 = $543.48 b. Percent: $543.48 ÷ $2,961.00 = 0.1835, or 18.4%
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Asked 2/21/2023 2:28:32 AM
Updated 2/21/2023 3:02:32 AM
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Suppose you paid 411 8 for 72 shares of Buzz stock and sold them at 491 4. The total brokerage fee was 1 8 dollar per share and all other charges amounted to $32.52 You sell one share for 49 1/4 and your cost is 41 1/8 ;Your profit is 49 1/4 -41 1/8 = $8. * 72 =$576. - $32.52 = $543.48 ; Total investment is 72 * 41 1/8 = $2961 Selling Price: $49.25 × 72 = $3,546.00 Total brokerage fee: $0.125 × 72 = $9.00 Total expenses: $9.00 + $ 32.52 = $41.52 Profit: $3,546.00 - $41.52 - $2,961.00 = $543.48 b. Percent: $543.48 ÷ $2,961.00 = 0.1835, or 18.4%
Added 2/21/2023 3:02:32 AM
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