You bought 120 shares of $10 each at a 20% discount and a brokerage of 0.25%. You sold all 120 shares
later at $12 each and paid brokerage at 0.25%. What is your gain
Answers
Given : bought 120 shares of $10 each at a 20% discount and a brokerage of 0.25%.
sold all 120 shares later at $12 each and paid brokerage at 0.25%.
To Find : Gain
Solution:
bought 120 shares of $10 each at a 20% discount
=> 120 * ( 10 - (20/100) 10)
= 120 * 8
= 960 $
Brokerage paid = (0.25/100) 960 = 2.4 $
Total Cost = 960 + 2.4 = 962.4 $
sold 120 shares at $12 each and paid brokerage at 0.25%.
= 120 * 12
= 1440 $
Brokerage paid = (0.25/100) * 1440 = 3.6 $
Amount received = 1440 - 3.6 = 1436.4 $
Gain = 1436.4 - 962.4
= 474 $
Gain is 474 $
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