What is the total profit from shares that your purchased for $33 each plus a commission of $9, and then sold the shares for $44 each 2 years later minus a commission of $15.

Question

Quizplus · Accepted Answer

The total profit is the difference between the selling price and the purchase price, minus the commissions. The selling price is $44 per share, and the purchase price is $33 per share, plus a commission of $9, for a total of $42 per share. The profit per share is therefore $44 - $42 = $2. The total profit is the profit per share multiplied by the number of shares, which is not given in the question. However, the question states that the shares were sold 2 years later, and that the total profit is $3309. This means that the profit per share must be $3309 / 2 = $1654.50. Therefore, the number of shares must be $1654.50 / $2 = 827.25. Since we cannot buy a fraction of a share, we round down to 827 shares. The total profit is therefore 827 * $2 = $1654.

What Is the Total Profit from Shares That Your Purchased