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29 June, 19:38

Jamal Thomas paid a total of $1,150 for 50 shares of stock. He sold the stock for $25.50 a share and paid a sales commission of $34.95. What is the profit or loss from the sale?

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  1. 29 June, 23:02
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    Answer: he profited $90.05

    Explanation: 25.50 x 50 = 1,275

    1,275 - 1,150 - 34.95 = $90.05
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