Jo Bower owns 150 shares of Data General stock. She purchased the stock for $24 a share. She sold her stock for $30 a share. The commissions required to buy and sell her stock totaled $120. Assuming that she received no dividends during the time she owned the stock, what is her total return for this transaction?

A. $600

B. $780

C. $900

D. $2,400

Question

Jo Bower owns 150 shares of Data General stock. She purchased the stock for $24 a share. She sold her stock for $30 a share. The commissions required to buy and sell her stock totaled $120. Assuming that she received no dividends during the time she owned the stock, what is her total return for this transaction?

A. $600	

B. $780	

C. $900	

D. $2,400

anonymous · Answer

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anonymous · Answer

This isn't even Finance, it's just basic mathematics.

She bought the shares at $24 per and she bought 150, so she paid $3,600.

She later sold the shares at $30 per, making $4,500

Add on the commission of $120 to $3,600 and you get $3,720

Finally, take $4,500 and subtract $3,720 for her total profit.

B. $780

anonymous · Answer

# of Shares	150
Purchase Price	24
Selling Price	30
Gain/Share	6
Total Gain	900
Commission(Deduct)	120
Total Return for this transaction	780