Pls. see attachment.
Connor bought 30 shares of eBay at $20.95. A year later, he bought 20 more shares at $26.75. He later sold all of his shares at
2 answers:
Answer: Option 'C' is correct.
Step-by-step explanation:
Since we have given that
Number of shares of eBay bought by Connor = 30
Cost of each share = $20.95
Number of shares he bought more = 20
Cost of each share = $26.75
Rate of charges of broker's commission =- 3% on each share
Selling price of each share = $35.25
According to question,
Total amount he paid to bought the shares
Amount he was charged for commison is given by
Total amount he paid including commission is given by
similarly, he sold his shares , amount he received ,
Again he was charged commission which is given by
Total amount he received on selling the shares is given by
After all of his transactions, Connor makes
Hence, he made $511.21.
Therefore, Option 'C' is correct.
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