Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

تمرين 12

You purchase 350 shares of Universal Metals common stock at $12.38 per share. A few months later you sell the shares at $9.88. Your stockbroker charges 3% commission on round lots and an extra 1.5% on odd lots.
a. What is the total cost of the purchase
b. What are the proceeds on the sale
c. What is the gain (or loss) on the transaction