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Madelyn sold 150 shares of NewNew, Inc., at [tex]$63 per share and paid a commission of $[/tex]12. What was her amount in proceeds?

A. [tex]$9,438
B. $[/tex]9,450
C. [tex]$9,462
D. $[/tex]9,474

Sagot :

GinnyAnswer
To determine the proceeds Madelyn received from selling her shares, let's break down the problem step by step:

1. Identify the number of shares sold and the price per share:
- Madelyn sold 150 shares.
- The price per share was [tex]$63. 2. Calculate the total value of the shares sold: - Multiply the number of shares by the price per share. - \( 150 \text{ shares} \times 63 \text{ dollars/share} = 9450 \text{ dollars} \) 3. Account for the commission paid: - A commission of $[/tex]12 was paid.

4. Subtract the commission from the total value to find the proceeds:
- [tex]\( 9450 \text{ dollars} - 12 \text{ dollars} = 9438 \text{ dollars} \)[/tex]

Therefore, the amount in proceeds Madelyn received is:

A. $9,438
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