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Laura bought 55 shares of stock for $3.50 per share last year. She paid her broker a 1% commission. She sold the stock this week for $2 per share, and paid her broker a $10 flat fee. What were Laura’s net proceeds? Round to the nearest cent. What was her capital gain or loss?

Respuesta :

Answer:

cp of 55 shares = 3.50 * 55 = 192.5

commission amount = 1% *192.5 = 1.925

Total invest = 192.5 + 1.925 = 194.425

sp of 1 share = 2

sp of 55 share = 2*55 = 110

Earning from shares = 110

since earning is less than invest, Laura has loss of (194.425 - 110) = 84.425

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