Rachel bought 1,500 shares of Cawh Consolidated Bank at a price of $24.85 each. As the price climbed, she sold off parts of her holdings. She sold off 250 shares at $28.32 apiece, she sold 800 of her shares at $33.60 apiece, and she sold off the remainder of her shares at $39.94 apiece. If Rachel's broker charges a commission of $65 per $1,000 of stock bought or sold, how much profit did Rachel make, to the nearest dollar? a. $20,459 b. $51,933 c. $14,661 d. $8,859

Question

Mathematics

Damari Sparks

2 July, 20:09

Rachel bought 1,500 shares of Cawh Consolidated Bank at a price of $24.85 each. As the price climbed, she sold off parts of her holdings. She sold off 250 shares at $28.32 apiece, she sold 800 of her shares at $33.60 apiece, and she sold off the remainder of her shares at $39.94 apiece. If Rachel's broker charges a commission of $65 per $1,000 of stock bought or sold, how much profit did Rachel make, to the nearest dollar? a. $20,459 b. $51,933 c. $14,661 d. $8,859

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Brittany Park · Answer 1

Its c, 14661

What you have to do is multiply 1500 by 24.85 (37275) and subtract that by the money she got by selling her shares (51933) and then subtracting the commission charge (195) getting you closest to c, 14661