Question 1199137: Tom bought 50 shares of Mactec stock at 685.00 pesos per share and paid 956.00 pesos commission. Find Tom's total investment.
Answer by ikleyn(52781)   (Show Source):
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Tom bought 50 shares of Mactec stock at 685.00 pesos per share and paid 956.00 pesos commission.
Find Tom's total investment.
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An investment is an asset or item acquired with the goal of generating income or appreciation.
For this definition, see the source https://www.investopedia.com/terms/i/investment.asp
According to the definition and common sense, Tom's total investment is
50*685.00 = 34250.00 pesos.
956.00 pesos, which he paid for commission, is not an investment and it is
neither added to nor subtracted from the total investment - it is only payment for the service of the commissioner.
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| Total investment of 34250.00 pesos is the amount |
| which will generate income or appreciation. |
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Solved, answered and explained.
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