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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
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