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Devon Dye bought 550 shares of stock for $28,275.50. He sold the stock for $52.25 per share and paid a sales commission of $32.00. What is the profit or loss from the sale?

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asked Jul 21, 2018 103k views

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Devon Dye bought 550 shares of stock for $28,275.50. He sold the stock for $52.25 per share and paid a sales commission of $32.00. What is the profit or loss from the sale?

Mathematics
high-school

Pindiwala asked

by Pindiwala

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1 Answer

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Sales including commission
(550×52.25)+32
=28,769.5

28,769.5−28,275.5
=494...profit

Michele Dorigatti answered Jul 28, 2018

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Devon Dye bought 550 shares of stock for $28,275.50. He sold the stock for $52.25 per share and paid a sales commission of $32.00. What is the profit or loss from the sale?

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