Mary Kim invested $955 in 19 shares of stock. A month later, she sold the 19 shares at $46.92 per share. She also invested in 450 shares of stock for a total of $39,411.00. She sold this stock for $93.61 a share and paid $305 in total commissions. What was Mary Kim’s profit or loss on the transactions to the nearest dollar?
Mary Kim invested $955 in 19 shares of stock. A month later, she sold the 19 shares at $46.92 per share. She also invested in 450 shares of stock for a total of $39,411.00. She sold this stock for $93.61 a share and paid $305 in total commissions. What was Mary Kim’s profit or loss on the transactions to the nearest dollar?
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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Mary Kim invested $955 in 19 shares of stock. A month later, she sold the 19 shares at $46.92 per share. She also invested in 450 shares of stock for a total of $39,411.00. She sold this stock for $93.61 a share and paid $305 in total commissions. What was Mary Kim’s profit or loss on the transactions to the nearest dollar?
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