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?

Question

Mathematics

Morse

24 January, 05:36

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?

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Answers (1)

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Callie Gilmore · Answer 1

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 is (B)