Question

What is the rate of return when 12 shares of Stock

A, purchased for $22/share, are sold for $465? The
commission on the sale is $9.
Rate of Return
Enter the appropriate value into the
formula to calculate the rate of return.
F
profit or loss
total cost
Total Cost = $273
Profit = $192
Rate of Return = [? ]

Answer 1

The Rate of return would then be 192 / 273 ≈ 70.32%