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28 April, 08:32

Adriana sold 50 shares of a company's stock through a broker. The price per share on that day was $22.98. The broker charged her a 0.75%

commission. What was Adriana's real return after deducting the broker's commission?

A $8.62

B. $229.80

OC $1,140.38

D. $1,149.00

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Answers (1)
  1. 28 April, 11:03
    0
    C $1,140.38

    Step-by-step explanation:

    We are given that Adriana sold 50 shares and that the price per share was $22.98

    This means that:

    Total value = 50 * 22.98 = $1149

    Now, we know that the broker charged 0.75% commission on the total value

    This means that:

    Broker's charge = 0.75% * 1149 = 0.0075 * 1149 = $8.6175

    Therefore,

    Adriana's return = Total value - broker's charge

    Adriana's return = 1149 - 8.6175 = $1,140.38
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