@sinusoidal @djaydeej88

Josh bought 20 shares of Netflix at $117.98. A year later, he bought 20 more shares at $124.32. He later sold all of his shares at the price of $128.48. Josh's broker charges him 2% of each share as a transaction fee. After all of his transactions, how much money did Josh make?

A. $93.50
B. $106.27
C. $112.31
D. $91.79

Question

@sinusoidal @djaydeej88 

Josh bought 20 shares of Netflix at $117.98. A year later, he bought 20 more shares at $124.32. He later sold all of his shares at the price of $128.48. Josh's broker charges him 2% of each share as a transaction fee. After all of his transactions, how much money did Josh make?

 		A.	$93.50
 		B.	$106.27
 		C.	$112.31
 		D.	$91.79

anonymous · Answer

you will need to break it down like this:
1. total cost at $117.98 per share
2. total cost at $124.32 per share
3. apply the 2% to #1 and #2
4. solve like what you did in the previous example.

calculusxy · Answer

20*117.98 + 20*124.32 = $4846.00 

$4846.00*1.02 = $4942.92

40*128.48 = $5139.20

0.02*5139.20 = $102.78

$5139.20 - $102.78 = $5036.42

$5036.42 - $4942.92 = $93.50,

So the answer should be A.

yahoo answers