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22 July, 02:05

Kendra sold 200 shares through her broker on June 8. The price per share was $22.10. The broker charged her a 0.5% commission on the total value. What was Kendra's return on the trade?

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Answers (2)
  1. 22 July, 03:32
    0
    Answer: $4397.90

    Step-by-step explanation:

    Commission = 0.5% of total value

    Price per share = $22.10

    Number of shares = 200

    Total revenue from shares sale:

    $22.10 * 200 = $4420

    Commission charged by broker on sales = (0.5% * $4420)

    0.005 * $4420 = $22.10

    Return on trade = $ (4420 - 22.10)

    Return on trade = $4397.90
  2. 22 July, 05:33
    0
    Answer: Kendra's return on the trade was $4,397.9

    Step-by-step explanation:

    Hi, to answer this question, first, we have to multiply the price of each share ($22.10) by the number of shares (200).

    Mathematically speaking:

    22.10 x 200 = $4,420 (Kendra's return without commission)

    Now, we have to multiply Kendra's return without commission by the commission percentage in decimal form:

    4,420 x (0.5/100) = $22.1 (commission amount)

    Finally, we have to subtract the commission amount to Kendra's return without commission:

    4,420-22.1 = $4,397.9

    Kendra's return on the trade was $4,397.9
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