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

Answer 1

@orangepancake

Answer 2

@gabgurl

Answer 3

@piercetheveil47

Answer 4

im going to assume transaction fee applies to both buying and selling

30 shares at 20.95
so he first spends $(30*20.95)
3% transaction fee so he has to pay an extra 3%
so his first transaction he spends (1.03)*(30*20.95)

2nd transaction
he buys 20 shares at 26.75 later
so he spends $(20*26.75)
he still needs to pay an extra 3%
so his 2nd transaction, he spends (1.03)*(20*26.75)

3rd transaction
he sells all 50 shares at 35.25
so he gains 50*35.25

but has to pay 3% still
so he gains (.97)*(50*35.25)


so take the 3rd transaction and subtract the 1st and 2nd transaction, and you should get the total amount of money he made

Answer 5

is it b @gabgurl

Answer 6

umm gimme one sec to double check

Answer 7

ok

Answer 8

its not b

Answer 9

is d @gabgurl

Answer 10

nope

Answer 11

idk wat im doing wrong @gabgurl

Answer 12

okay take each transaction and do the multiplication and then when youre done subtract all of the transactions and whats left is ur answer

Answer 13

a @gabgurl

Answer 14

yes!!

Answer 15

ok yaaay @gabgurl