Answered

Looking for trustworthy answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Julian sold 115 shares of an ETF for [tex]\$ 88[/tex] per share. He paid a commission of [tex]\$ 20[/tex]. What was Julian's amount in proceeds?

A. [tex]\$ 10,140[/tex]
B. [tex]\$ 10,120[/tex]
C. [tex]\[tex]$ 10,100[/tex]
D. [tex]\$[/tex] 10,080[/tex]

Sagot :

GinnyAnswer
To determine Julian's proceeds after selling his shares and accounting for commission, let's follow these steps:

1. Calculate the total revenue from selling the shares:
Julian sold 115 shares at a price of \[tex]$88 per share. To find the total revenue, multiply the number of shares by the price per share: \[ \text{Total Revenue} = 115 \times 88 = 10,120 \] 2. Subtract the commission from the total revenue to get the proceeds: Julian paid a commission of \$[/tex]20. Subtract this commission from the total revenue to find the final proceeds:
[tex]\[ \text{Proceeds} = 10,120 - 20 = 10,100 \][/tex]

Therefore, Julian's amount in proceeds is \[tex]$10,100. The correct answer is: C. \$[/tex]10,100
Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.