SOLUTION: Brianna bought 1,800 shares of stock for $195,552. She sold the stock for $110 per share and paid a sales commission of $42. What is the profit or loss from the sale?

SOLUTION: Brianna bought 1,800 shares of stock for $195,552. She sold the stock for $110 per share and paid a sales commission of $42. What is the profit or loss from the sale?

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Question 1030393: Brianna bought 1,800 shares of stock for $195,552. She sold the stock for $110 per share and paid a sales commission of $42. What is the profit or loss from the sale?
Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
She sold 1800 shares at $110 per share, bringing in a total of $198,000.
Subtracting the commission, she received $197,958 from the sale.
Her profit would be
197958 - 195552 = $2406
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