SOLUTION: Tyler bought 20 shares of Wal-Mart at $48.80. A year later, he bought 20 more shares at $54.60. He later sold all of his shares at the price of $62.80. Tyler's broker charges him 3
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-> SOLUTION: Tyler bought 20 shares of Wal-Mart at $48.80. A year later, he bought 20 more shares at $54.60. He later sold all of his shares at the price of $62.80. Tyler's broker charges him 3
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Question 905781: Tyler bought 20 shares of Wal-Mart at $48.80. A year later, he bought 20 more shares at $54.60. He later sold all of his shares at the price of $62.80. Tyler's broker charges him 3% of each share as a transaction fee. After all of his transactions, how much money did Tyler make? Answer by richwmiller(17219) (Show Source):
You can put this solution on YOUR website! 3% goes to the broker
97% goes to Tyler
.97*(40*62.80-20*48.80-20*54.60)
.97*(2512-976-1092)
.97*444=430.68
Tyler receives $430.68
