Question

Maya sold 220 shares of an ETF for $95 per share. She paid a commission of $5. What was Maya’s amount in proceeds?

Answer 1

Answer: $20,895.

Explanation:

Maya sold 220 shares of an ETF for $95 per share, so the total sale amount is $95 multiplied by 220, which equals $20,900 ($95 x 220 = $20,900).

Maya paid a commission of $5. To find the amount in proceeds, we subtract the commission from the total sale amount:

$20,900 - $5 = $20,895.