Connor bought 30 shares of eBay at $20.95. A year later, he bought 20 more shares at $26.75. He later sold all of his shares at the price of $35.25. Connor's broker charges him 3% of each share as a transaction fee. After all of his transactions, how much money did Connor make?

A. $511.21
B. $493.37
C. $525.11
D. $515.53

Question

Connor bought 30 shares of eBay at $20.95. A year later, he bought 20 more shares at $26.75. He later sold all of his shares at the price of $35.25. Connor's broker charges him 3% of each share as a transaction fee. After all of his transactions, how much money did Connor make?

 		A.	$511.21
 		B.	$493.37
 		C.	$525.11
 		D.	$515.53

anonymous · Answer

A.
(35.25*50-20.95*30-26.75*20) - ((20.95*30)+(26.75*20*)+(35.25*50))*.03 = 599-87.78 = $511.22