Answer :
250 shares for $ 12 per share......250 * 12 = 3000
plus the 2% commission......3000(1.02) = 3060...so the commission is $ 60
she then sells her stock (250 shares) for $ 18 a share....
250 * 18 = 4500
plus the 1% commission....4500(1.01) = 4545...so the commission is $ 45
net proceeds is the amount received by the seller after all costs and expenses are deducted...
expenses : 3000 + 60 + 45 = 3105
revenue : 4500
net proceeds = 4500 - 3105 = $ 1395 <==
plus the 2% commission......3000(1.02) = 3060...so the commission is $ 60
she then sells her stock (250 shares) for $ 18 a share....
250 * 18 = 4500
plus the 1% commission....4500(1.01) = 4545...so the commission is $ 45
net proceeds is the amount received by the seller after all costs and expenses are deducted...
expenses : 3000 + 60 + 45 = 3105
revenue : 4500
net proceeds = 4500 - 3105 = $ 1395 <==
The net profit is $3195 if McKenzie buys 250 shares of stock for $12 a share and pays a 2% commission. She sells the stock 3 years later for $18 a share and pays 1% commission.
What is profit?
When money generated from a commercial activity exceeds the expenses, costs, and taxes involved in maintaining the activity in question, profit is earned.
250 shares for $12 per share
=250×12
=$3000
2% commission
=3000(1.02) = 3060
So the commission is $60
She then sells her stock (250 shares) for $18 a share.
= $250×18
= $4500
1% commission on selling the stock.
=$4500(1.01)
=44545
So the commission is $45
The amount received by the seller after all costs and expenses have been subtracted is known as net profit.
Expenses = 3000 + 60 + 45 = $3105
Revenue = $4500
Net profit = 4500 - 3105 = $1395
Thus, the net profit is $3195 if McKenzie buys 250 shares of stock for $12 a share and pays a 2% commission. She sells the stock 3 years later for $18 a share and pays 1% commission.
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