Question

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?

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)

Answer 2

The Josh make $93.50 if 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.

What is profit?

When money generated from a commercial activity exceeds the expenses, costs, and taxes involved in maintaining the activity in question, profit is earned.

We have:

Josh bought 20 shares of Netflix at $117.98 and 20 more shares at $124.32.

Total cost = 20×117.98 + 20×124.32

=$4846.00

Broker charges him 2% of each share as a transaction fee.

= $4846.00×1.02

= $4942.92

He later sold all of his shares at the price of $128.48.

= 40×128.48

= $5139.20

= 0.02*5139.20

= $102.78

= $5139.20 - $102.78

= $5036.42

= $5036.42 - $4942.92

= $93.50

Thus, the Josh make $93.50 if 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.

Learn more about the profit here:

https://brainly.com/question/15036999

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