Amy purchased 100 shares of Monsanto Company for $66.10 per share. Today the stock is selling for $80.45. Assuming a charge of $7.00 to buy and sell, how much did Amy earn if she sold her shares today?

Question

Quizplus · Accepted Answer

Amy's earnings are calculated by subtracting the total cost (including transaction fees) from the total selling price. She bought 100 shares at $66.10 each, totaling $6,610, plus a $7 fee, making it $6,617. She sold them at $80.45 each, totaling $8,045, minus a $7 fee, making it $8,038. The profit is $8,038 - $6,617 = $1,421.

Amy Purchased 100 Shares of Monsanto Company for $66