Question

Melanie purchased 621 shares of Animite Energy at $30.60 apiece. When the price hit $36.23 per share, Melanie sold her holdings in Animite Energy. Melanie’s broker charges $48 for each $1,000 of stock bought or sold. How much profit did Melanie make?

Answer 1

Answer:

the answer is $1504.17

Step-by-step explanation:

the answer is A  $1504.17 on edge

hope you have a wonderful day

Answer 2

Answer:

$1503.7$ dollars

Step-by-step explanation:

The cost of purchasing 621 shares $= 621 * 30.60\\= 19002.6$

Cost of selling 621 shares at $48$ dollar each

$621 * 36.23\\= 22498.83$

Brokerage paid at the time of purchase and selling of shares

$(\frac{19002.6}{1000} + \frac{22498.83}{1000}) 48\\= (19 + 22.5) * 48\\= 1992$

Net profit

$22498.83 -19002.6 - 1992\\= 1503.7$