Ask your own question, for FREE!
Mathematics 19 Online
OpenStudy (anonymous):

What am I doing wrong? Melinda Randolph bought 1,500 shares of Huge Corporation stock for $155,250. She sold the stock for $101 per share and paid a sales commission of $39. What is the profit or loss from the sale?

OpenStudy (anonymous):

I got this 1500*101-39=151461 155250-151461=3789 profit

OpenStudy (psymon):

3789 LOSS. She spent 155,250 and only made back 151461

OpenStudy (anonymous):

O, I see now. Thank you.

OpenStudy (psymon):

yep, np

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!