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What is the rate of return when 35 shares of Stock A, purchased for $20/share, are sold for $815? The commission on the sale is $6. Rate of Return = [?] % Give your answer as a percent rounded to the nearest tenth​

Respuesta :

Cost price:-

[tex]\\ \sf\longmapsto 35\times 20[/tex]

[tex]\\ \sf\longmapsto 700[/tex]

  • Commision=$6
  • Total sold price=815+6=823$

Now

Return=823-700=123

Rate of return

[tex]\\ \sf\longmapsto \dfrac{123}{700}\times 100[/tex]

[tex]\\ \sf\longmapsto \dfrac{123}{7}[/tex]

[tex]\\ \sf\longmapsto 17.5\%[/tex]

qenl

35 × 20

= 700

823 - 700

= 123

123/700 × 100

= 12300/700

= 123/7

= 17,5%

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