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An investor sold 35 shares of stock at 21 3/4 per share.?


The investor had purchased the stock for 18 1/2 per share. how much did the investor gain from selling his stock? show how you got your answer so I can do learn how to do it.

35 x 21.75=761.25 sale price
35 x 18.50=647.50 cost

761.25-647.50=113.75 net gain less brokerage commissions and transfer tax.

=35(21 3/4 - 18 1/2)
=35(3.25)
=113.75

35X21.75= 761.25 18.50X35=647.50

761.25-647.50= 113.75

or

21.75-18.50X35=113.75

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