Hubert paid a total of $3,250 for 250 shares of stock. He sold the stock for $11.70 pershare and paid a sales commission of $7.00. What is the profit or loss from the sale?

The profit is the amount which a dealer gains in a deal. In that case, the amount spent is smaller…

Answered: Hubert paid a total of $3,250 for 250…

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter3: Solving Equation And Problems

Section3.7: Costs, Income, And Value Problems

Problem 9P

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Hubert paid a total of $3,250 for 250 shares of stock. He sold the stock for $11.70 per share and paid a sales commission of $7.00. What is the profit or loss from the sale?