Q:

Adriana sold 50 shares of a company's stock through a broker. The price per share on that day was $22.98. The broker charged her a 0.75%commission. What was Adriana's real return after deducting the broker's commission?A $8.62B. $229.80OC $1,140.38D. $1,149.00

Accepted Solution

A:
Answer:C $1,140.38Step-by-step explanation:We are given that Adriana  sold 50 shares and that the price per share was $22.98 This means that: Total value = 50 * 22.98 = $1149 Now, we know that the broker charged 0.75% commission on the total value This means that: Broker's charge = 0.75% * 1149 = 0.0075 * 1149 = $8.6175 Therefore, Adriana's return = Total value - broker's charge Adriana's return = 1149 – 8.6175 = $1,140.38