Answer: Kendra's return on the trade was $4,397.9
Step-by-step explanation:
Hi, to answer this question, first, we have to multiply the price of each share ($22.10) by the number of shares (200).
Mathematically speaking:
22.10 x 200 = $4,420 (Kendra’s return without commission)
Now, we have to multiply Kendra's return without commission by the commission percentage in decimal form:
4,420 x (0.5/100) = $22.1 (commission amount)
Finally, we have to subtract the commission amount to Kendra's return without commission:
4,420-22.1= $4,397.9
Kendra's return on the trade was $4,397.9
Answer: $4397.90
Step-by-step explanation:
Commission = 0.5% of total value
Price per share = $22.10
Number of shares = 200
Total revenue from shares sale :
$22.10 × 200 = $4420
Commission charged by broker on sales = (0.5% × $4420)
0.005 × $4420 = $22.10
Return on trade = $(4420 - 22.10)
Return on trade = $4397.90
