Answer: $2569.00
Explanation:
Purchase price per share = $13.20
Number of shares = 80
Commission on transaction = $0.03 per share plus $27
Sales prices per share = $45.68
Total Purchase price = ( number of shares × purchase price per share)
Total Purchase price = (80 × $13.20) = $1056.00
Total Sales price = (number of shares × sales price per share)
Total Sales price = (80 × $45.68) = $3654.40
Commission = $27 + (80 × 0.03) = $29.40
Profit or loss = Total Sales price - Total purchase price - commission
Profit or loss = $3654.40 - $1056.00 - $29.40
Profit = $2569.00
