Question

taylor bought 200 shares of stock for $18.12 per share last year.he paid his broker a flat fee of $30.he sold the stock this morning for $21 per share,and paid his broker 0.5% comission.
a.what were taylor's net proceeds?
b.waht was his capital gain?

Answer 1

start with what he pays

he buys 200 shares for $18.12 ea
and a flat fee of $30

so he pays 200*18.12+30 =?


he then sold his shares for $21 ea
but paid his broker a .5% commission

he gains 21*200 - .005*200*21

Answer 2

which one is tht a or b?

Answer 3

neither

net gain would be the amount he gained minus hte amount he paid