Mary Smith purchased 100 shares of Johnson electronics four years ago at $15.00 each.She paid a $30 commission on this transaction.She has decided to sell these shares at $25.00 each and will incur a $25 commission on this sale.What is the total investment amount?

Question

Quizplus · Accepted Answer

The total investment amount includes the initial cost of the shares plus the commission paid at the time of purchase. Mary bought 100 shares at $15.00 each, totaling $1,500, and paid a $30 commission. Therefore, her total investment amount is $1,500 + $30 = $1,530.

Mary Smith Purchased 100 Shares of Johnson Electronics Four Years