rozim1969
contestada

PLEASE HELP!!!


I don't understand how to work this out...
if possible, please explain how you got your answer. It would be very helpful.

Thanks!!​

PLEASE HELPI dont understand how to work this outif possible please explain how you got your answer It would be very helpfulThanks class=

Respuesta :

sqdancefan

9514 1404 393

Answer:

  17.3%

Step-by-step explanation:

The rate of return is the net profit divided by the purchase price.

The purchase price was ...

  (20 share) × ($30/share) = $600

The net proceeds from the sale were ...

  proceeds = selling price - commission

  = $710 -$6 = $704

So, the net profit is ...

  profit = $704 -600 = $104

And the rate of return is ...

  profit / investment = $104/$600 = 17.3%

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