After selling 280 shares of IBM at $82.25 per share and accounting for a $20 transaction fee, you will receive $23,010.
To calculate the amount of money you receive after selling 280 shares of International Business Machines (IBM) at a price of $82.25 per share, you multiply the number of shares by the price per share:
280 shares × $82.25/share = $23,030
This calculation, however, does not account for any transaction fees. If there is a flat transaction fee of $20.00 as given in the reference, you must subtract this fee from the total amount:
$23,030 - $20.00 = $23,010
Therefore, after selling 280 shares of IBM at $82.25 per share and deducting the transaction fee, you will receive $23,010.