Question

Can someone help with a long question? I don't think it is to hard.

Answer 1

Ralph Warren purchased 27 shares of stock at 16 3/8 per share. He paid a $27.50 brokerage fee. He later sold all 27 shares at 17 5/8 and a $28.75 brokerage fee. (36) What did he receive from the sale of the stock after he paid the brokerage fee?
(38) Did he have a capital gain or loss? (39) How much was the gain or loss?
(40) What was the net change from 16 3/8 to 17 5/8?

Answer 2

I know the answers if you want me to post them. Not sure how they got them though.

Answer 3

total buy value of shares 16*27+3/8*27=442.125
brokerage =27.5
total cost =469.625
now while selling
total receipt=475.875
net profit =6.25

Answer 4

Thank you. :D