An investor purchased 100 shares of stock x at \small 6\frac{1}{8} dollars per share and sold them all a year later at 24 dollars per share. if the investor paid a 2 percent brokerage fee on both the total purchase price and the total selling price, which of the following is closest to the investor's percent gain on this investment? (a) 92%
(b) 240%
(c) 280%
(d) 300%
(e) 380%
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Ответ:
option (C) 280%
Explanation:
Number of shares of stock X purchased = 100
Purchasing cost of share =![\$6\frac{1}{8} =\frac{49}{8}](/tpl/images/0351/4444/e8340.png)
Selling cost of stocks = $24 per share
Brokerage paid = 2%
Now,
The total purchasing cost involved =
+ 2% of ![100\times\frac{49}{8}](/tpl/images/0351/4444/62029.png)
= 612.5 + 0.02 × 612.5
= $624.75
also,
Total income from sales of stocks
= Total selling cost of shares - brokerage paid
= $24 × 100 - 2% of Total selling cost
= $2400 - ( 0.02 × $2400 )
= $2400 - $48
= $2,352
now,
The investor's percent gain on this investment =![\frac{\textup{Income-invested amount}}{\textup{Invested amount}}\times100\%](/tpl/images/0351/4444/0779d.png)
=![\frac{\textup{2,352 - 624.75}}{\textup{624.75}}\times100\%](/tpl/images/0351/4444/43e39.png)
=![\frac{\textup{1727.25}}{\textup{624.75}}\times100\%](/tpl/images/0351/4444/7261e.png)
= 276.47% ≈ 280%
Hence, the correct answer is option (C) 280%
Ответ:
trends, the buyers personality, and other peoples influence
Explanation: