Selling Stock with Commissions At your full-service brokerage firm,it costs $120 per stock trade.How much money do you receive after selling 200 shares of Ralph Lauren (RL),which trades at $85.13?
A)$16,546.00
B)$16,906.00
C)$17,026.00
D)$17,146.00

Question

Quizplus · Accepted Answer

To calculate the money received after selling the shares, multiply the number of shares (200) by the price per share ($85.13) to get the total value of the shares, which is $17,026. Then, subtract the commission fee of $120 to get the final amount received: $17,026 - $120 = $16,906.

Selling Stock with Commissions at Your Full-Service Brokerage Firm,it Costs