Open and correct my bought 750 shares of a company's stock for $11.06/shares. he pays a broker a commission of $12 to buy and sell stocks after one year tom sold all his shares when they were worth $10.24/shares (a) how much did it cost tom to buy the stock? (b) what was tom's net gain or loss? (c) what was tom's annual rate of return?
sorry the first page is the other half of my question i'm not worried about that one

-7.692%

Step-by-step explanation:

a.)Buying: total cost

Total cost= commission + (price per share* # of shares ) ;

Total cost= 12 + (11.06*750)= 12+8295 = $8,307

b.)Net gain or loss;

First, find cash received from sale of stock and deduct commission;

Cash from sale =10.24 * 750= 7,680

deduct commission= 7680-12= $7,668

Gain or loss= sale-cost = 7668-8307 = -$639, meaning there is a loss.

c.) Annual rate of return= (net gain or loss/amount paid)*100%

return= -639/(8307)*100 = -7.692%

ANSWER: Yes. They have enough to pay their bill: 21 dollars times 1.06 = 22 dollars and 26 cents and 22 dollars and 26 cents times 1.15 = 25 dollars and 60 cents.

Step-by-step explanation:

convert all % to decimals

0.06 x 21 = $1.26 tax

0.15 x 21 = $3.15 tip

1.26 + 3.15 = $4.41 added payment

4.41 + 21 = = $25.41 total bill

(yes i am aware i did the method differently since i learned it another way but the answer should till be correct.)