Answer:
$3,000
Explanation:
Profit is the difference between the selling price and the cost price.
Cost of share 2years ago = $26 per share
If 250 shares of stock was bought, cost price of the stock will be 250×$26 = $6,500 (without commission)
If the selling price per share is $38, selling price of 250shares will be 250×$38 = $9,500
Profile on sale = $9,500-$6,500
Profit on sale = $3,000